All Blog Posts Tagged 'giffen' (1)

I remember reading catch 22 by Joseph Heller. Milo sells eggs for 7 cents. These are known as 7 cents Maltese eggs because they come from Malta and usually cost 7c. Explanation included in the link (about 200 words). See, what I don't get is how Milo makes a profit. He buys his eggs at a base price of 1c in Sicily. Milo has a crate of 100 eggs for $1. So far so good. Next, he heads for Malta. Here, he sells the eggs. To hi… Continue