"Every other type of product cost more today than 10 years ago. A bottle of milk costs more today than in the past. A bicycle costs more than in the past, a meal at a restaurant cost more today than ever before. The gas prices are off the scale (but for other reasons as well.)"
Lying so egregiously to this audience is insane; ever heard of computers?
There have been some technological improvements that make writing more efficient (e.g., word processors), but the process for making most other consumer products has become efficient at an even faster rate. The Baumol effect predicts that this imbalance will lead to more expensive novels and/or cheaper novelists.
sethg|14 years ago
There have been some technological improvements that make writing more efficient (e.g., word processors), but the process for making most other consumer products has become efficient at an even faster rate. The Baumol effect predicts that this imbalance will lead to more expensive novels and/or cheaper novelists.
kstenerud|14 years ago