Everybody knows that the income elasticity of the demand for food is lower than one (except if do your grocery shopping
here). There is nothing exciting in that empirical law. This
book , however, is really cool: it shows the actual diet of 30 families around the world. It is amazing that the diet of families from
average income countries look more appealing than the one from
poor or
rich countries. I guess that Colombians and Egyptians have the resources and the time necessary prepare yummy food.
Via
boingboing.
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