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Yesterday I went shopping at a local health food store. It is in the same location as the former ‘Inner Bookshop’. I loved that shop because I bought many spiritual books there. A health food store is a poor comparison. But I still like to support a few local independent stores – I do enough buying from Amazon and Tesco.

Anyway first up I bought some Paleo organic cereal for £6.75 (375grams) I think I bought mainly because of the outrageous price. In economics, we might call it a Veblen good (the higher the price, the better we think it is – the demand curve goes the other way) I may do an economics blog post on this to justify the purchase (market research and all that)

Anyway, by the time I’m getting to the back of the shop, my inner Yorkshireman is coming to the fore. After spending £6 for a few seeds, I’m looking for a bargain to square the money circle. I see my favourite soup is on special offer £3.39 cut in price to for £2.50 – because it is getting close to its sell-by date. So I take one of these – I can eat it for lunch. I also buy some avocado humous – reduced in price. (more…)

With my new book – What would Keynes do? – The brief was to write essays on how famous economists would respond to everyday questions. So for example, with the…

Some friends hired a cottage in the Cotswolds to record some music of Sri Chinmoy. Rather than risk sleeping on a spare couch, I booked a nearby B&B. More expensive, but you can’t put a price on a good night’s sleep.

I was greeted at the door by a rather flustered old lady. I mentioned I had booked a room and with this, an even more flustered old man appeared from the kitchen. He said in greeting:

“O no, this is the last thing I need!”

I think he was talking to himself out loud, but maybe he was talking to me.

He proceeded to unload all his burdens and frustrations. His elderly mother had let five gentlemen stay – despite them not having any reservations. As a result, my room was already taken, and it was really a great inconvenience now that I had shown up. He continued:

“I’ve had a very bad day, we’ve had a flood, methane gas escaping from the boiler, the builders causing a problem and my mother overbooking. With you turning up it’s really put the cap on my bad day.”

He explained there was one spare room left – not en-suite like the one I booked – but the room which had experienced a small flood.

I didn’t know whether to feel guilty for turning up or lucky to be given a musty room which was damp despite having no bathroom. (more…)

When shopping at the local supermarket, I tend to choose self-service tills – anything to save queuing. I go in most days on the way home from town. Over the years, I have got to know the lady who usually works there overseeing the tills. I try to smile and say the odd greeting.

Sometimes things get blocked, and the supervisor has to scan their clearance. Today everything went through, except the last item a plant. So she came and cleared it through. As I was walking out of the supermarket, lost in my own world of thought and putting my bag on the bike, the lady came out and said ‘Can you come back and pay please!”

Can you believe it, I had put all the items and through and forgotten to pay at the self-service till!

I felt very embarrassed and went back in. Fortunately, the lady seemed to trust I had made an honest mistake of absent-mindedness and she didn’t feel the need to call the police! Plus it was hardly like I was trying to sneak things under my jacket. I think I got confused when she cleared the till. It was extreme absent-mindedness that could have ended up in a sticky situation! Good job I wasn’t in an unforgiving foreign country! (more…)