| ▲ | handedness 12 hours ago | |||||||
The central thesis of the article is this: > Don’t blame books for being too expensive. Everything else is more expensive, and that’s why you can’t afford books. College textbook pricing is a function of the aforementioned rate of increase of everything else becoming more expensive, not a function of the cost of books increasing generally. They are, the author argues, decreasing, unless you introduce external distorting factors. | ||||||||
| ▲ | WaitWaitWha 9 hours ago | parent | next [-] | |||||||
poppycock. the author is wrong about textbooks. The article is correct that recreational books are below for cumulative CPI. College textbooks on the other hand are at ~ 3 times the rate of general inflation. Source: BLS CPI-U (FRED: CPIAUCSL) BLS "Educational Books and Supplies" (FRED: CUSR0000SEEA, ~767 in Mar 2026, base 1982-84=100) BLS "Recreational Books" (FRED: CUUR0000SERG02, base Dec 1997=100, recently ~96-100 (just search for the above, and follow the link to https://fred.stlouisfed.org) | ||||||||
| ||||||||
| ▲ | shalmanese 6 hours ago | parent | prev [-] | |||||||
Only for commodity goods does the cost of production impact the price. As substitutionality lessens, the price more and more approaches the value delivered. | ||||||||