Marketplace for Monday, June 10, 2013
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Can we really afford all the things we're buying? We explore the consumer economy in our new series "Consumed." First up: how we're pushing our kids to get ahead in the consumer arms race. Plus, Google is buying crowd-traffic-mapping app Waze. In light of the whole PRISM deal, how does voluntary data compare? Also, business bankruptcies are way down. We take a look at who is still going bankrupt and why.
Posted In: Adam Smith, consumer
Most people remember the idea of the free market's "invisible hand," but it turns out, Adam Smith had a lot to say about consumers, too.
Posted In: consumer behavior, children
Trying to give your children an advantage in growing up makes consuming a competition. When everyone has a tutor, a trainer or a special baseball bat, you can't help but keep up.
Posted In: consumer behavior, consumer spending
A Saturday shopping trip started out fairly innocently... and ended with some big questions about our consumer economy and whether it is sustainable long-term.