Economics is tied heavily to chain restaurants. We have the Big Mac index (which is an incredibly accurate estimate of exchange rates) and the Waffle House index (which is used by FEMA to assess how bad a disaster is). So, to turn to the chain restaurants as allegory is almost natural for economists.
Recent headlines about Chick-fil-A and their opposition to gay marriage have brought about calls for boycotts, and defense of the company, but I have not seen a very important word yet, “externalities.” In fact, when I used a search engine to find the string of “Chick-fil-A” and “externalities” together, there was only one result, a blog from CanadianBusiness.com and it has nothing to do with the current cultural topic. Continue reading