Thank you for all your comments about the difference between Giffen goods and Veblen goods; when it comes to conspicuous consumption, the latter is the correct term to use. (I blame Investopedia for steering me wrong.)
Over the past few weeks, we Axions have included word count (this week: 1,968 words) and time to read (this week: 7 minutes) at the top of each of our newsletters. Now, we want to hear from you – love it or hate it? Click here for love and here for hate. For the curious, we'll share the results in next week's edition.
In this week's newsletter: Unicorns are real; media companies go private; YouTube needs principles; collective action problems in ticketing; real estate in Silicon Valley; cricket!