Mike Veseth's Blog

Weight gain is the problem we most closely associate with Thanksgiving, but this Wine Economist column from 2021 argues that wine lovers need to consider the economic concept of deadweight loss when choosing a wine to bring to the festive gathering.

Thursday is Thanksgiving Day here in the United States and many of us will gather with family and friends for the holiday feast. If you have been invited to share Thanksgi...

Margaret Rand, general editor. Hugh Johnson’s Pocket Wine Book 2026. Mitchel Beazley, 2025.

Rose Murray Brown MW. A Taste for Wine: a new tasting masterclass for wine lovers. Mitchel Beazley, 2025.

Two new wine guides arrived at the Wine Economist mailbox recently, both published by Mitchel Beazley. They both take a very broad view of the world of wine and address some of the same topics and questions, but do so in very different ways. “There are no one-liners in wine,” as Jon Fredrikson says, s...

Thanksgiving Day is just around the corner, and planning has started here at Wine Economist World Headquarters. The menu will be traditional (for us) with a focus on the vegetable side dishes more than the roast bird. The real question is, what wines will be served? That’s plural wines because we stretch the feast over several days on the theory that leftovers are the best part.

Choosing wines is often a last-minute affair, and it is never simple (or uncomplicated) because you have to decide wha...

This is not an easy time to be an Italian winemaker. There is climate change to deal with, of course, and the global fall in wine (and alcohol in general) consumption. Add to this the dramatic 28 percent decline in shipments of Italian wine to the U.S. market that has been reported recently by the Unione Italiana Vini. U.S. consumers love Italian wines, which is why they are the biggest import category, but the combination of tariffs, unfavorable exchange rate movements, and pre-tariff stock-bui...

The sparkling wine category has been one of the wine market’s winners of the last 20 years. Although sparkling wine sales are struggling right now along with the rest of the wine market, bubbles are much more of a thing than they were in years past.

Much of this success is driven by Italy’s Prosecco, which in many ways redefined sparkling wine. If you think of bubbles as French and expensive, saved for ritual consumption at serious celebrations, then Prosecco is a revelation. Bubbles can be fun ...

Today’s Wine Economist column is inspired by sample wine glasses we received from the folks at Glasvin. Glasvin makes all sorts of hand-blown glassware, but the particular products they sent us were designed by Raj Parr, the famous sommelier, author, and winemaker. Our experience with these wine glasses has made us think a bit about what we want in and what we think about wine glasses generally. Here’s the story.

One Glass to Rule Them All?

The Raj glass was designed to be the one glass you need...

Nine months ago today, The Wine Economist published its annual column that, inspired by the upcoming Unified Wine & Grape Symposium, looks ahead to the future. The theme was sort of anti-climactic at the time, but it seems pretty much on the mark at this point: the future of wine is always uncertain, but 2025 is special. There are more unknowns and even unknown unknowns than ever before.

Frozen by Doubt

That’s a problem because fear, uncertainty, and doubt tend to freeze businesses in their trac...

This column is inspired by a recent birthday celebration dinner that featured three very different Saperavi wines from Georgia.

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Mariam invited us to a dinner celebrating her husband Todd’s birthday and we accepted with enthusiasm, offering to bring some Georgian wines with us. Mariam is originally from Georgia, so her dinners often feature dishes you’d find at a Georgian supra feast. Sue and I were happy to share Georgian wines, but we had a selfish hidden motive. We wanted to see what our f...

“Globalization versus Terroir” is the title of my first published essay on wine economics. It appeared as a chapter in my 2005 book Globaloney: Unraveling the Myths of Globalization, which was the third in a four-volume series analyzing globalization and its discontents. (See list of books below.)

The wine world has changed a lot in 20 years and my thinking about the wine economy has changed, too, so I thought it would be interesting to re-read that first essay and see what I think about what I ...

If only wine were as simple as love.

How Can You Tell?

How can you tell if someone really loves you? The answer is simple, according to Betty Everett’s 1964 hit tune “The Shoop Shoop Song.”

Does he love me, I want to know
How can I tell if he loves me so
Is it in his eyes, oh no you’ll be deceived
Is it in his eyes, oh no you’ll make believe
If you want to know, if he loves you so
It’s in his kiss
That’s where it is, oh yeah

The truth about love is not reliably revealed by objective observable i...