From: glevy@pratt.edu
Date: Fri Feb 22 2008 - 14:48:35 EST
Antonio Pagliarone brought the following to my attention." --------- The End of Finance: The theory of capital market inflation, financial derivatives and pension fund c by Jan Toporowski http://ebooks.ebookmall.com/title/end-of-finance-the-theory-of-capital-market-inflation-financial-derivatives-and-pension-fund-c-toporowski-ebooks.htm --------- Note that the cost of this *e-book* is over US$89! Out of curiosity, I did a search to see what the original hardcover format sells for: $250 ! You can, though, buy a copy, listed as new, for $191. Talk about "market inflation" and bubbles! Is there a bubble in the publishing industry? What is the value of a book once the book can be published in e-form? Is there any mechanism (given the extent of product differentiation in the industry) which would adjust price to value? If we are taking about monopoly power here, then who pays the rent? Other capitalists or consumers? Who receives what proportion of the rent, i.e. how is it divided between 'publisher' and author? In solidarity, Jerry _______________________________________________ ope mailing list ope@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/ope
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