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
    David Beagan, 23 Apr 2011 @ 2:13pm

    Re: Re:

    To sehlat,

    Good points all.

    A free market does allow people to make dumb decisions -- that is, decisions not in their best interest. I am sure there are many cases where selling an ebook at a lower price would result in greater net profit.

    And in the final analysis, neither the production cost nor the marginal cost determines price. In a marketplace, price is determined by what people are willing to pay.

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