The Economics of Everyday Things 10. Michelin Stars (Replay)
Dec 25, 2023
Guests Nick Kokonas and Charlie Mitchell discuss the history and impact of Michelin stars, the high costs involved in running a Michelin star restaurant, and the ambition and validation that comes with attaining three Michelin stars.
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Clover Hill's Star Moment
- Charlie Mitchell joined Clover Hill aiming for three Michelin stars and felt surreal when the restaurant won one in 2022.
- He described the immediate validation for his family and a sudden spike in bookings that relieved financial pressure.
Tires To Tasting Menus
- Michelin began as a travel guide by a tire company and added restaurant stars to steer drivers to stops and detours.
- The guide expanded globally but stars remain rare, with only about 3,400 restaurants holding at least one.
The Secretive Inspectors
- Michelin inspectors are anonymous, use aliases, and dine frequently, leaving chefs guessing what earns a star.
- Mitchell says inspectors won't explain why a star was awarded, creating varied perceptions among chefs.