A Dash of Economics With Your Wine?

Just a quick word to share a site I’ve been reading with great interest over the last couple of weeks. It’s called The Wine Economist, and it’s written by Michael Veseth, a professor of International Political Economy at the University of Puget Sound – which is obviously near one of the West Coast’s most interesting wine regions.

The blog is full of interesting articles about how the various roads that wine takes from the vine to your glass. Recently, he’s talked about the effects of the exchange rate on the price of wine in the United States and on the domestic market for American wines, and about a series of trades, buyouts and acquisitions by wine giants such as Constellation, The Wine Group, Ascentia and Fosters.

It’s insightful, well-researched and original in that it offers a point of view too rarely seen as we discuss the aromas of green pepper and grapefruit in sauvignon blancs or which bottle of 2005 Bordeaux we’re getting en primeur.

Why do wines tend to taste one way or the other? It may, in part, have to do with what The Wine Economist is discussing. It’s a worthwhile read, in any case.

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