Philip Ganderton

Welcome to my website.  Following the demise of, which I had hosted for over 10 years, I launched this website in 2013. It has a new host, a new look, and a new domain name (
Here you’ll find an academic section with details on my classes, and my research. Currently I am Senior Associate Dean and Associate Dean for Faculty in the College of Arts and Sciences, but I still teach courses for the Economics Department. There’s also a section about the consulting (expert witness) services I offer.
I post frequently to a blog called Ramblings.  Then there are my personal pages, that let me share a little of myself.  You can read about my obsession with my car, bicycles, photography, woodwork and a few other things.  My photography site has been around the web the longest, and is in need of significant updating, I’m afraid.
I hope you find something of interest here.  If you do, please comment via the Facebook and Twitter sharing links–or not.  If you want to say hello directly then email me:  Otherwise, thanks for visiting, and cheers!
Philip Ganderton
(You can click on most photos to see a larger image)

Recent Posts

Wealthy Inflation

The wealthy might earn a lot (usually in the form of interest and capital gains rather than wages and salary), but they also pay a lot. They pay a lot for housing and food, as well as all the luxury items and toys they have. For example, the wealthy who live in Manhattan are paying increasingly higher prices for apartments and condos: this New York Post article says that apartment prices have risen by 20% in the last year. The average Manhattan apartment costs $1.7million these days, and real estate agents expect that price to rise.
Recent auctions of rare automobiles show that the cars rich people like to have in their garages are getting more and more expensive. The Knight Frank Luxury Investment Index (KFLII) of classic car prices has risen an average of 43% per year over the last ten years. The same company’s indexes for wine and fine art have risen an average of 18% each year for the last ten years. (The only good news is that the average price for antique furniture has fallen 19% over the last ten years.)
Even though the 1%ers are very wealthy, and they do save more than their less wealthy brethren, they also spend a lot of money (such conspicuous consumption is on display in reality cable shows such as Keeping Up With the Kardashians.) Maybe it’s not a big problem that what they buy costs a small fortune…

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