tag:blogger.com,1999:blog-7169279.post113202944470851089..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Wal-Mart continues to improve its profitsDr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7169279.post-48225574276177643802008-05-07T10:35:00.000-06:002008-05-07T10:35:00.000-06:00Yes, and there is another post somewhere about Wal...Yes, and there is another post somewhere about Wal-Mart being inferior.<BR/><BR/>The concept you are really looking for though is counter-cyclical: doing better when the business cycle is worse.Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-78356674640317177032008-04-14T15:30:00.000-06:002008-04-14T15:30:00.000-06:00Dr. Tufte said that Wal-Mart's profit growth has g...Dr. Tufte said that Wal-Mart's profit growth has grown less than the economy as a whole (at the time this was written, in 2005). As I am writing in 2008, Wal-Mart is doing quite well. One of the differences is that the economy in 2008 is not as good as it was in 2005. Does this mean that Wal-Mart is somewhat of an inferior good, or at least not a luxury good?Matthewhttps://www.blogger.com/profile/12123732548787517799noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-1134080797621285772005-12-08T15:26:00.000-07:002005-12-08T15:26:00.000-07:00-1 on Morgan's post for a mixed metaphor.Note that...-1 on Morgan's post for a mixed metaphor.<BR/><BR/>Note that Wal-Mart's rate of profit growth (which is in nominal terms) is less than the nominal rate of growth of the economy as a whole (about 7%). So, in some sense, Wal-Mart is actually underperforming. And yet people criticize them for being greedy - but I guess they don't like to think about facts.Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.com