Economics

by Mike Masnick


Filed Under:
books, ebooks, economics, pricing



'Economics In One Lesson' Apparently Doesn't Include Pricing; Kindle Version Most Expensive

from the let's-try-that-again dept

Copycense, who has done a really bangup job in pointing out some ironic ebook pricing decisions, has another one. The book "Economics in One Lesson," by Henry Hazilitt is available new from Amazon in paperback for $7.95... or at $9.99 for the Kindle. Apparently, "Economics In One Lesson" either doesn't include a section on pricing... or whoever did the pricing on the book didn't read that section...

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  1. identicon
    Andrew D. Todd, 23 Apr 2011 @ 4:10am

    Stuff For Phonies.

    Reading takes time. You can't buy being well-read. There are a lot of people who can't face spending four hours a day reading books, for the rest of their lives, but who, nonetheless have an inferiority complex about how little they read. So there is a chronic market in tools for faking it. The Kindle is simply the latest such tool; along with the books on audiotape; the sets of the same books you read in high school, only bound in gilded leather at two or three hundred dollars each; and I don't know what else. One of the things I remember learning in freshman economics, thirty-five years ago, is that objects of conspicuous consumption will sometimes have a reversed demand curve. Demand goes up as price increases. The buyer that Amazon has in mind for the Kindle is someone who feels validated by dropping a thousand bucks or so on it.

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