Way back when I studied economics at university, I also studied sociology. It struck me then that the way economics is taught is deeply flawed. To call it a science, even a social science, doesn’t make any sense. Unlike scientific study of the cosmos or gravity discovering immutable laws, economics seeks to explain how and why humans do certain things.
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Modern food styles and lifestyles often naturally lend themselves to white wine, but is the trade doing enough to encourage consumers to trade up and seek out a wider variety of premium white choices or is the premium spotlight more typically shone on reds? And when customers do trade up within whites, is that limited to just a handful of usual suspects rather than embracing the global wealth of premium possibilities?
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Net profits at Chilean wine giant Viña Concha y Toro have risen 54% in the third quarter, the company has announced, with EBITDA growing 53%.
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