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Why Do Restaurants Decline Over Time?

April 18, 2012   Copyright: Slate.com


Tyler Cowen's An Economist Gets Lunch is a delight to read and the point that at a nice restaurant you should order the menu item that seems weirdest and least-appetizing is well worth the price of admission. Meals at nice restaurants are very expensive relative to books, and every little detail you can glean about how to maximize your experience is money well-spent. That said, despite the title and Cowen's profession this is much more a foodie book than a book about the economics of the food industry. Which is too bad, because I'd actually like to hear a wonkier take on some of these claims. Take this for example...

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