");vwo_$('head').append(_vwo_sel);return vwo_$('head')[0] && vwo_$('head')[0].lastChild;})("HEAD")}}, R_940895_48_1_2_0:{ fn:function(log,nonce=''){return (function(x) { if(!vwo_$.fn.vwoRevertHtml){ return; }; var ctx=vwo_$(x),el; /*vwo_debug log("Revert","content",""); vwo_debug*/; el=vwo_$('[vwo-element-id="1742919897117"]'); el.revertContentOp().remove();})("HEAD")}}, C_940895_48_1_2_1:{ fn:function(log,nonce=''){return (function(x) {var el,ctx=vwo_$(x); /*vwo_debug log("editElement",".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > h2:nth-of-type(1) > span:nth-of-type(1)"); vwo_debug*/(el=vwo_$(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > h2:nth-of-type(1) > span:nth-of-type(1)")).html("Hello! David Brancaccio here. Do you want instant access to the free online course - “Economics 101” - to understand basic economic concepts?");})(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > h2:nth-of-type(1) > span:nth-of-type(1)")}}, R_940895_48_1_2_1:{ fn:function(log,nonce=''){return (function(x) { if(!vwo_$.fn.vwoRevertHtml){ return; }; var el,ctx=vwo_$(x); /*vwo_debug log("Revert","editElement",".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > h2:nth-of-type(1) > span:nth-of-type(1)"); vwo_debug*/(el=vwo_$(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > h2:nth-of-type(1) > span:nth-of-type(1)")).vwoRevertHtml();})(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > h2:nth-of-type(1) > span:nth-of-type(1)")}}, C_940895_48_1_2_2:{ fn:function(log,nonce=''){return (function(x) {var el,ctx=vwo_$(x); /*vwo_debug log("content","[vwo-element-id='1742482566780']"); vwo_debug*/(el=vwo_$("[vwo-element-id='1742482566780']")).replaceWith2("You'll gain real-world insights into how economics impacts your daily life with this easy-to-follow online course. This crash course is based on the acclaimed textbook Economy, Society, and Public Policy by CORE Econ, tailored to help you grasp key concepts without feeling overwhelmed.

Whether you're new to economics or just want to deepen your understanding, this course covers the basics and connects them to today’s pressing issues—from inequality to public policy decisions.

Each week, you'll receive a reading guide that distills core principles, offers actionable takeaways, and explains how they affect the current world. While the full ebook enriches the experience, the guides alone provide a comprehensive understanding of fundamental economic ideas.

You’ll find this course especially useful and unique because…
"),el=vwo_$("[vwo-element-id='1742482566780']");})("[vwo-element-id='1742482566780']")}}, R_940895_48_1_2_2:{ fn:function(log,nonce=''){return (function(x) { if(!vwo_$.fn.vwoRevertHtml){ return; }; var el,ctx=vwo_$(x); /*vwo_debug log("Revert","content","[vwo-element-id='1742482566780']"); vwo_debug*/(el=vwo_$("[vwo-element-id='1742482566780']")).revertContentOp(),el=vwo_$("[vwo-element-id='1742482566780']");})("[vwo-element-id='1742482566780']")}}, C_940895_48_1_2_3:{ fn:function(log,nonce=''){return (function(x) {var el,ctx=vwo_$(x); /*vwo_debug log("content",".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1)"); vwo_debug*/(el=vwo_$(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1)")).replaceWith2("
You'll gain real-world insights into how economics impacts your daily life with this easy-to-follow online course. This crash course is based on the acclaimed textbook Economy, Society, and Public Policy by CORE Econ, tailored to help you grasp key concepts without feeling overwhelmed.

Whether you're new to economics or just want to deepen your understanding, this course covers the basics and connects them to today’s pressing issues—from inequality to public policy decisions.

Each week, you'll receive a reading guide that distills core principles, offers actionable takeaways, and explains how they affect the current world. While the full ebook enriches the experience, the guides alone provide a comprehensive understanding of fundamental economic ideas.

You’ll find this course especially useful and unique because…
Are you ready to build a foundation in economics that empowers you to think critically about the world around you?

Get instant access today and keep an eye on your inbox for a confirmation email and your first lesson.
 
"),el=vwo_$(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1)");})(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1)")}}, R_940895_48_1_2_3:{ fn:function(log,nonce=''){return (function(x) { if(!vwo_$.fn.vwoRevertHtml){ return; }; var el,ctx=vwo_$(x); /*vwo_debug log("Revert","content",".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1)"); vwo_debug*/(el=vwo_$(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1)")).revertContentOp(),el=vwo_$(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1)");})(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1)")}}, C_940895_48_1_2_4:{ fn:function(log,nonce=''){return (function(x) {})(".author,.img-wrapper,.img-wrapper img,.author-copy")}}, R_940895_48_1_2_4:{ fn:function(log,nonce=''){return (function(x) { if(!vwo_$.fn.vwoRevertHtml){ return; }; })(".author,.img-wrapper,.img-wrapper img,.author-copy")}}, R_940895_63_1_2_0:{ fn:function(log,nonce=''){return (function(x) { if(!vwo_$.fn.vwoRevertHtml){ return; }; var el,ctx=vwo_$(x); /*vwo_debug log("Revert","remove","#tfa_31-HTML > p:nth-of-type(1)"); vwo_debug*/(el=vwo_$("#tfa_31-HTML > p:nth-of-type(1)")).vwoRevertCss(),(el=vwo_$('[vwo-element-id="1742589780114"]')).remove();})(".hintsBelow")}}, C_940895_63_1_2_0:{ fn:function(log,nonce=''){return (function(x) {var el,ctx=vwo_$(x); /*vwo_debug log("paste",".actions"); vwo_debug*/!(el=vwo_$(".actions")).parent().find('[vwo-op-1742589780926=""]').length&&el.after('


By submitting, you consent to receive information about MPR\'s programs and offerings. You may opt-out at any time clicking the unsubscribe link at the bottom of any email communication. View our Privacy Policy.

'),(el=vwo_$("#tfa_31-HTML > p:nth-of-type(1)")).vwoCss({display:"none !important"});})(".hintsBelow")}}, R_940895_64_1_2_0:{ fn:function(log,nonce=''){return (function(x) { if(!vwo_$.fn.vwoRevertHtml){ return; }; var el,ctx=vwo_$(x); /*vwo_debug log("Revert","content","#tfa_134-L > b:nth-of-type(1)"); vwo_debug*/(el=vwo_$("#tfa_134-L > b:nth-of-type(1)")).revertContentOp(),el=vwo_$("#tfa_134-L > b:nth-of-type(1)");})("#tfa_134-L > b:nth-of-type(1)")}}},rules:[{"tags":[{"metricId":951908,"data":{"campaigns":[{"g":1,"c":48}],"type":"m"},"id":"metric"},{"metricId":951908,"data":{"campaigns":[{"g":1,"c":64}],"type":"m"},"id":"metric"},{"metricId":951908,"data":{"campaigns":[{"g":1,"c":63}],"type":"m"},"id":"metric"}],"triggers":["8639604"]},{"tags":[{"id":"runCampaign","priority":4,"data":"campaigns.48"},{"id":"runCampaign","priority":4,"data":"campaigns.64"},{"id":"runCampaign","priority":4,"data":"campaigns.63"}],"triggers":["10589191"]},{"tags":[{"metricId":951905,"data":{"campaigns":[{"g":2,"c":48}],"type":"m"},"id":"metric"},{"metricId":951905,"data":{"campaigns":[{"g":5,"c":64}],"type":"m"},"id":"metric"},{"metricId":951905,"data":{"campaigns":[{"g":5,"c":63}],"type":"m"},"id":"metric"}],"triggers":["8459768"]},{"tags":[{"metricId":959027,"data":{"campaigns":[{"g":5,"c":48}],"type":"m"},"id":"metric"},{"metricId":959027,"data":{"campaigns":[{"g":4,"c":64}],"type":"m"},"id":"metric"},{"metricId":959027,"data":{"campaigns":[{"g":4,"c":63}],"type":"m"},"id":"metric"}],"triggers":["8536409"]},{"tags":[{"metricId":959030,"data":{"campaigns":[{"g":4,"c":48}],"type":"m"},"id":"metric"},{"metricId":959030,"data":{"campaigns":[{"g":3,"c":64}],"type":"m"},"id":"metric"},{"metricId":959030,"data":{"campaigns":[{"g":3,"c":63}],"type":"m"},"id":"metric"}],"triggers":["8536412"]},{"tags":[{"metricId":959033,"data":{"campaigns":[{"g":3,"c":48}],"type":"m"},"id":"metric"},{"metricId":959033,"data":{"campaigns":[{"g":2,"c":64}],"type":"m"},"id":"metric"},{"metricId":959033,"data":{"campaigns":[{"g":2,"c":63}],"type":"m"},"id":"metric"}],"triggers":["8536415"]},{"tags":[{"id":"prePostMutation","priority":3},{"priority":2,"id":"groupCampaigns"}],"triggers":["8"]},{"tags":[{"id":"visibilityService","priority":2}],"triggers":["9"]},{"tags":[{"id":"runTestCampaign"}],"triggers":["2"]},{"tags":[{"id":"urlChange"}],"triggers":["75"]},{"tags":[{"id":"checkEnvironment"}],"triggers":["5"]}],pages:{"ec":[{"1625289":{"inc":["o",["url","urlReg","(?i).*"]]}}]},pagesEval:{"ec":[1625289]},stags:{}}})(); ;;var commonWrapper=function(argument){if(!argument){argument={valuesGetter:function(){return{}},valuesSetter:function(){},verifyData:function(){return{}}}}const getVisitorUuid=function(){if(window._vwo_acc_id>=1037725){return window.VWO&&window.VWO.get("visitor.id")}else{return window.VWO._&&window.VWO._.cookies&&window.VWO._.cookies.get("_vwo_uuid")}};var pollInterval=100;var timeout=6e4;return function(){var accountIntegrationSettings={};var _interval=null;function waitForAnalyticsVariables(){try{accountIntegrationSettings=argument.valuesGetter();accountIntegrationSettings.visitorUuid=getVisitorUuid()}catch(error){accountIntegrationSettings=undefined}if(accountIntegrationSettings&&argument.verifyData(accountIntegrationSettings)){argument.valuesSetter(accountIntegrationSettings);return 1}return 0}var currentTime=0;_interval=setInterval((function(){currentTime=currentTime||performance.now();var result=waitForAnalyticsVariables();if(result||performance.now()-currentTime>=timeout){clearInterval(_interval)}}),pollInterval)}}; var pushBasedCommonWrapper=function(argument){var firedCamp={};if(!argument){argument={integrationName:"",getExperimentList:function(){},accountSettings:function(){},pushData:function(){}}}return function(){window.VWO=window.VWO||[];const getVisitorUuid=function(){if(window._vwo_acc_id>=1037725){return window.VWO&&window.VWO.get("visitor.id")}else{return window.VWO._&&window.VWO._.cookies&&window.VWO._.cookies.get("_vwo_uuid")}};var sendDebugLogsOld=function(expId,variationId,errorType,user_type,data){try{var errorPayload={f:argument["integrationName"]||"",a:window._vwo_acc_id,url:window.location.href,exp:expId,v:variationId,vwo_uuid:getVisitorUuid(),user_type:user_type};if(errorType=="initIntegrationCallback"){errorPayload["log_type"]="initIntegrationCallback";errorPayload["data"]=JSON.stringify(data||"")}else if(errorType=="timeout"){errorPayload["timeout"]=true}if(window.VWO._.customError){window.VWO._.customError({msg:"integration debug",url:window.location.href,lineno:"",colno:"",source:JSON.stringify(errorPayload)})}}catch(e){window.VWO._.customError&&window.VWO._.customError({msg:"integration debug failed",url:"",lineno:"",colno:"",source:""})}};var sendDebugLogs=function(expId,variationId,errorType,user_type){var eventName="vwo_debugLogs";var eventPayload={};try{eventPayload={intName:argument["integrationName"]||"",varId:variationId,expId:expId,type:errorType,vwo_uuid:getVisitorUuid(),user_type:user_type};if(window.VWO._.event){window.VWO._.event(eventName,eventPayload,{enableLogs:1})}}catch(e){eventPayload={msg:"integration event log failed",url:window.location.href};window.VWO._.event&&window.VWO._.event(eventName,eventPayload)}};const callbackFn=function(data){if(!data)return;var expId=data[1],variationId=data[2],repeated=data[0],singleCall=0,debug=0;var experimentList=argument.getExperimentList();var integrationName=argument["integrationName"]||"vwo";if(typeof argument.accountSettings==="function"){var accountSettings=argument.accountSettings();if(accountSettings){singleCall=accountSettings["singleCall"];debug=accountSettings["debug"]}}if(debug){sendDebugLogs(expId,variationId,"intCallTriggered",repeated)}if(singleCall&&(repeated==="vS"||repeated==="vSS")||firedCamp[expId]){return}window.expList=window.expList||{};var expList=window.expList[integrationName]=window.expList[integrationName]||[];if(expId&&variationId&&["VISUAL_AB","VISUAL","SPLIT_URL"].indexOf(_vwo_exp[expId].type)>-1){if(experimentList.indexOf(+expId)!==-1){firedCamp[expId]=variationId;var visitorUuid=getVisitorUuid();var pollInterval=100;var currentTime=0;var timeout=6e4;var user_type=_vwo_exp[expId].exec?"vwo-retry":"vwo-new";var interval=setInterval((function(){if(expList.indexOf(expId)!==-1){clearInterval(interval);return}currentTime=currentTime||performance.now();var toClearInterval=argument.pushData(expId,variationId,visitorUuid);if(debug&&toClearInterval){sendDebugLogsOld(expId,variationId,"",user_type);sendDebugLogs(expId,variationId,"intDataPushed",user_type)}var isTimeout=performance.now()-currentTime>=timeout;if(isTimeout&&debug){sendDebugLogsOld(expId,variationId,"timeout",user_type);sendDebugLogs(expId,variationId,"intTimeout",user_type)}if(toClearInterval||isTimeout){clearInterval(interval)}if(toClearInterval){window.expList[integrationName].push(expId)}}),pollInterval||100)}}};window.VWO.push(["onVariationApplied",callbackFn]);window.VWO.push(["onVariationShownSent",callbackFn])}}; var surveyDataCommonWrapper=function(argument){if(!argument){argument={getCampaignList:function(){return[]},surveyStatusChange:function(){},answerSubmitted:function(){}}}return function(){window.VWO=window.VWO||[];function getValuesFromAnswers(answers){var values=[];for(var i=0;i=timeout;if(toClearInterval||isTimeout){clearInterval(interval)}}),pollInterval)}}window.VWO.push(["onSurveyShown",function(data){commonSurveyCallback(data,argument.surveyStatusChange,"surveyShown")}]);window.VWO.push(["onSurveyCompleted",function(data){commonSurveyCallback(data,argument.surveyStatusChange,"surveyCompleted")}]);window.VWO.push(["onSurveyAnswerSubmitted",function(data){commonSurveyCallback(data,argument.answerSubmitted,"surveySubmitted")}])}}; (function(){var VWOOmniTemp={};window.VWOOmni=window.VWOOmni||{};for(var key in VWOOmniTemp)Object.prototype.hasOwnProperty.call(VWOOmniTemp,key)&&(window.VWOOmni[key]=VWOOmniTemp[key]);;})();(function(){window.VWO=window.VWO||[];var pollInterval=100;var _vis_data={};var intervalObj={};var analyticsTimerObj={};var experimentListObj={};window.VWO.push(["onVariationApplied",function(data){if(!data){return}var expId=data[1],variationId=data[2];if(expId&&variationId&&["VISUAL_AB","VISUAL","SPLIT_URL"].indexOf(window._vwo_exp[expId].type)>-1){}}])})();; ;var vD=VWO.data||{};VWO.data={content:{"fns":{"list":{"args":{"1":{}},"vn":1}}},as:"r5.visualwebsiteoptimizer.com",dacdnUrl:"https://dev.visualwebsiteoptimizer.com",accountJSInfo:{"rp":30,"noSS":false,"pc":{"a":0,"t":0},"ts":1744744887}};for(var k in vD){VWO.data[k]=vD[k]};;var gcpfb=function(a,loadFunc,status,err,success){function vwoErr() {_vwo_err({message:"Google_Cdn failing for " + a + ". Trying Fallback..",code:"cloudcdnerr",status:status});} if(a.indexOf("/cdn/")!==-1){loadFunc(a.replace("cdn/",""),err,success); vwoErr(); return true;} else if(a.indexOf("/dcdn/")!==-1&&a.indexOf("evad.js") !== -1){loadFunc(a.replace("dcdn/",""),err,success); vwoErr(); return true;}};window.VWO=window.VWO || [];window.VWO._= window.VWO._ || {};window.VWO._.gcpfb=gcpfb;;var d={cookie:document.cookie,URL:document.URL,referrer:document.referrer};var w={VWO:{_:{}},location:{href:window.location.href,search:window.location.search},_vwoCc:window._vwoCc};;window._vwo_cdn="https://dev.visualwebsiteoptimizer.com/cdn/";window._vwo_apm_debug_cdn="https://dev.visualwebsiteoptimizer.com/cdn/";window.VWO._.useCdn=true;window.vwo_eT="br";window._VWO=window._VWO||{};window._VWO.fSeg={};window._VWO.dcdnUrl="/dcdn/settings.js";window.VWO.sTs=1744734905;window._VWO._vis_nc_lib=window._vwo_cdn+"edrv/nc-c55db084b311d32a0cc8df8871f4280dbr.js";var loadWorker=function(url){_vwo_code.load(url, { dSC: true, onloadCb: function(xhr,a){window._vwo_wt_l=true;if(xhr.status===200 ||xhr.status===304){var code="var window="+JSON.stringify(w)+",document="+JSON.stringify(d)+";window.document=document;"+xhr.responseText;var blob=new Blob([code||"throw new Error('code not found!');"],{type:"application/javascript"}),url=URL.createObjectURL(blob);window.mainThread={webWorker:new Worker(url)};window.vwoChannelFW=new MessageChannel();window.vwoChannelToW=new MessageChannel();window.mainThread.webWorker.postMessage({vwoChannelToW:vwoChannelToW.port1,vwoChannelFW:vwoChannelFW.port2},[vwoChannelToW.port1, vwoChannelFW.port2]);if(!window._vwo_mt_f)return window._vwo_wt_f=true;_vwo_code.addScript({text:window._vwo_mt_f});delete window._vwo_mt_f}else{if(gcpfb(a,loadWorker,xhr.status)){return;}_vwo_code.finish("&e=loading_failure:"+a)}}, onerrorCb: function(a){if(gcpfb(a,loadWorker)){return;}window._vwo_wt_l=true;_vwo_code.finish("&e=loading_failure:"+a);}})};loadWorker("https://dev.visualwebsiteoptimizer.com/cdn/edrv/worker-a500a51073e174745d069a55c8783e91br.js");;var _vis_opt_file;var _vis_opt_lib;if(window.VWO._.allSettings.dataStore.previewExtraSettings!=undefined&&window.VWO._.allSettings.dataStore.previewExtraSettings.isSurveyPreviewMode){var surveyHash=window.VWO._.allSettings.dataStore.plugins.LIBINFO.SURVEY_DEBUG_EVENTS.HASH;var param1="evad.js?va=";var param2="&d=debugger_new";var param3="&sp=1&a=940895&sh="+surveyHash;_vis_opt_file=vwoCode.use_existing_jquery&&typeof vwoCode.use_existing_jquery()!=="undefined"?vwoCode.use_existing_jquery()?param1+"vanj"+param2:param1+"va_gq"+param2:param1+"edrv/va_gq-85afd489f7388666ea71b5e8ce4fd011br.js"+param2;_vis_opt_file=_vis_opt_file+param3;_vis_opt_lib="https://dev.visualwebsiteoptimizer.com/dcdn/"+_vis_opt_file}else if(window.VWO._.allSettings.dataStore.mode!=undefined&&window.VWO._.allSettings.dataStore.mode=="PREVIEW"){ var path1 = 'edrv/pd_'; var path2 = window.VWO._.allSettings.dataStore.plugins.LIBINFO.EVAD.HASH + ".js"; ;_vis_opt_file=vwoCode.use_existing_jquery&&typeof vwoCode.use_existing_jquery()!=="undefined"?vwoCode.use_existing_jquery()?path1+"vanj"+path2:path1+"va_gq"+path2:path1+"edrv/va_gq-85afd489f7388666ea71b5e8ce4fd011br.js"+path2;_vis_opt_lib="https://dev.visualwebsiteoptimizer.com/cdn/"+_vis_opt_file}else{_vis_opt_file=vwoCode.use_existing_jquery&&typeof vwoCode.use_existing_jquery()!=="undefined"?vwoCode.use_existing_jquery()?"edrv/vanj-58b588bb261c34259b83835716d49a6fbr.js":"edrv/va_gq-85afd489f7388666ea71b5e8ce4fd011br.js":"edrv/va_gq-85afd489f7388666ea71b5e8ce4fd011br.js"}window._vwo_library_timer=setTimeout((function(){vwoCode.removeLoaderAndOverlay&&vwoCode.removeLoaderAndOverlay();vwoCode.finish()}),vwoCode.library_tolerance&&typeof vwoCode.library_tolerance()!=="undefined"?vwoCode.library_tolerance():2500),_vis_opt_lib=typeof _vis_opt_lib=="undefined"?window._vwo_cdn+_vis_opt_file:_vis_opt_lib;var loadLib=function(url){_vwo_code.load(url, { dSC: true, onloadCb:function(xhr,a){window._vwo_mt_l=true;if(xhr.status===200 || xhr.status===304){if(!window._vwo_wt_f)return window._vwo_mt_f=xhr.responseText;_vwo_code.addScript({text:xhr.responseText});delete window._vwo_wt_f;}else{if(gcpfb(a,loadLib,xhr.status)){return;}_vwo_code.finish("&e=loading_failure:"+a);}}, onerrorCb: function(a){if(gcpfb(a,loadLib)){return;}window._vwo_mt_l=true;_vwo_code.finish("&e=loading_failure:"+a);}})};loadLib(_vis_opt_lib);VWO.load_co=function(u,opts){return window._vwo_code.load(u,opts);};;;}}catch(e){_vwo_code.finish();_vwo_code.removeLoaderAndOverlay&&_vwo_code.removeLoaderAndOverlay();_vwo_err(e);window.VWO.caE=1}})();

Marketplace®

Daily business news and economic stories

Wellington marches on Shanghai, but at a cost

Coquille restaurant's beef Wellington comes with a sign. The number 75,437 means that is the 75,437th beef Wellington the restaurant has served since the dish was rolled out in 2015 in Shanghai.
Coquille restaurant's beef Wellington comes with a sign. The number 75,437 means that is the 75,437th beef Wellington the restaurant has served since the dish was rolled out in 2015 in Shanghai.
Charles Zhang/Marketplace

Most people in China probably heard of beef Wellington for the first time through a 2016 TV series called “To Be a Better Man,” starring top Chinese actor Sun Honglei. His character orders beef Wellington at a fine dining restaurant and sends it back to the kitchen three times, then proceeds to show the foreign chef he can cook a better one.

Sun’s character sears the beef tenderloin, wraps it in layers of pate, a mushroom mixture, Italian cured ham and bakes it in a puff pastry. He takes it out of the oven and cuts in to reveal a perfectly cooked steak inside.

“He put [beef Wellington] on a pedestal,” Shanghai restauranteur John Liu said. “Sun Honglei is a god in the acting world, and at that time, the idea of making something so difficult and so prestigious was, ‘Wow, I can’t believe it.’”

In Shanghai, beef Wellington shows up mainly in French restaurants, though the dish’s origins are hard to pinpoint. It has French roots, but the dish is named after the Duke of Wellington, an English general who fought in the Napoleonic wars, with a final victory in 1815. However, it is not clear what the duke’s association to the dish was.

In 2017, French restaurants charged about $70 for beef Wellington.

A chef stands behind the seafood bar at Shanghai's Coquille restaurant. The fine dining restaurant is located in a middle class neighborhood so it relies on the beef wellington to draw in people who are willing to spend. (Charles Zhang/Marketplace)
A chef stands behind the seafood bar at Shanghai’s Coquille restaurant. The fine dining restaurant is located in a middle-class neighborhood so it relies on beef Wellington to draw in people who are willing to spend.
Charles Zhang/Marketplace

Today, prices have at least doubled.

Liu said his French seafood bistro, Coquille, might have had something to do with that. His restaurant is right outside the Madang Road subway station.

“This subway station is basically normal working-class folk. So, for the price point that we charge, none of this street traffic translates to us,” Liu said.

In 2015, to pull in more customers, Liu’s chef at the time, Anna Bautista, started serving beef Wellington, but only on Wednesdays because traditionally that is a slow day for restaurants.

“It was called Wednesday Wellingtons,” Liu said.

American restauranteur John Liu poses at his restaurant. The beef wellington has now become his restaurant, Coquille's signature dish. (Courtesy Liu)
American restauranteur John Liu said the beef Wellington has now become his restaurant, Coquille’s, signature dish.
Liu

Back then, Coquille charged what Liu believes to be the highest price in Shanghai for beef Wellington — 688 yuan, which worked out to $110 at the time, but Liu said that price was still quite reasonable.

“At that time, going out to have a steak at Morton’s [The Steakhouse] is 888 yuan [or] 1288 yuan. Now you’re having a foie gras and a puff pastry,” Liu said. “Chinese already knew that beef was expensive.”

The Coquille had so many requests that Wellington Wednesdays turned into Wellington every day.

The dish is not only featured in a Chinese TV series, it also made a cameo in the 2017 quirky Chinese movie “This Is Not What I Expected,” starring Asian cinema heartthrob Takeshi Kaneshiro. He plays a picky eater, who spits out a beef Wellington made by a Michelin-starred chef. Coquille’s executive chef Jason Oakley was a food consultant for the movie.

As beef Wellington has become more popular, Liu said, more Shanghai restaurants have started serving it. One pastry shop recently began offering the dish for under $10.

When more beef Wellington is on offer, supply is up, so prices should usually come down. Not so, according to Liu.

His beef Wellington has more than doubled in price to 1788 yuan ($250).

“We have gotten more expensive because things have gotten more expensive in China, [and] we’ve used more expensive ingredients,” Liu said. For example, he uses truffles instead of mushrooms, foie gras instead of pate, and a higher M9-grade of Australian wagyu beef.

“We basically said, ‘What is the most expensive, most delicious beef that we can get?'” Liu said. “’Let’s out-price other restaurants.'”

Liu said his main goal is to make the best-tasting beef Wellington available.

“Who knows why [some food trends] land,” Liu said. “Once they land, your job is to take advantage of the fact that they landed.”

On a Monday evening, Coquille still had a steady trickle of customers.

Repeat customer Steven Fu said the first time he came to Coquille, he was drawn in by the beef Wellington.

Coquille's beef wellington comes with smoked oysters topped with caviar. Over the years, Coquille has upgraded its ingredients to stay ahead of the competition. That has also bumped up the price. (Charles Zhang/Marketplace)
Coquille’s beef Wellington comes with smoked oysters topped with caviar. Over the years, Coquille has upgraded its ingredients to stay ahead of the competition. That has also bumped up the price.
Charles Zhang/Marketplace

“It’s a little bit on the expensive side, but it’s delicious, especially the foie gras in there, and the beef tastes great,” Fu said. “Of all the beef Wellingtons I’ve had over the world, I think [Coquille’s] is definitely [in the] top three.”

That evening though, he decided to try other things on the menu.

Across the restaurant, diner Echo Luo poses with a big bouquet of flowers.

“It is my birthday today, so that is why [my husband and I] have come to try the beef Wellington,” she said. “The price sounds a bit high, but I haven’t tried it yet, so I don’t know if the quality matches the price.”

Coquille used to have a lot of people popping in from neighboring Chinese cities before heading off to enjoy Shanghai’s nightlife, but the pandemic changed that.

“All of our domestic China tourism has dramatically come down,” Liu said. “We’ve taken one-third, maybe more than a one-third haircut on our revenue.”

But he has no plans to lower the price of his beef Wellington because even at the current price, most of his customers are nonetheless selecting it. He is just making the presentation of the dish more elaborate.

“We have brochures that explain the history of the Wellington and pair it with a package of tea, so when you go home you have better digestion. You pair it with acidic little palate cleansers at the end,” Liu said.

A card listing Coquille's signature dish and its ingredients. The price is listed as 1,788 yuan ($250). Aside from the seafood platter, the beef wellington is the most expensive item on the restaurant's menu. (Charles Zhang/Marketplace)
A card listing Coquille’s signature dish and its ingredients. The price is listed as 1,788 yuan ($250). Aside from the seafood platter, the beef Wellington is the most expensive item on the restaurant’s menu.
Charles Zhang/Marketplace

Birthday girl Luo is impressed by the whole package.

“The taste of the beef Wellington was really good, and the smoked oysters that came with the dish — I’ve never tried them before — also tastes nice,” Luo said after the meal. “Also, our servers introduced the beef Wellington and explained how to enjoy it. The whole ritual around the dish made it an amazing experience.”

She said she would like to eat at Coquille again.

“Next time, maybe I could bring a friend.”

Additional research by Charles Zhang

Related Topics

Latest Episodes

View All Shows
  • Marketplace Morning Report
    5 hours ago
    6:56
  • Marketplace Tech
    9 hours ago
    8:01
  • Make Me Smart
    a day ago
    15:11
  • Marketplace
    21 hours ago
    25:38
  • Financially Inclined
    4 days ago
    15:02
  • How We Survive
    6 days ago
    26:17