3 ms·
> essential market A market that relies on government granted monopoly is not a market. > buying a physical book you are not paying just for the paper and the
by ItsMonkk 4y ago
> essential market
A market that relies on government granted monopoly is not a market.
> buying a physical book you are not paying just for the paper and the printing process
But it should. Books should only be priced the cost of the paper and ink.
The very first Nobel winner Paul Samuelson[0] makes the argument here[1] when discussing how lighthouse economics works that anything with zero marginal costs that has a price other than free is by definition an economic loss. If it is in the best interest to have lighthouses, or firemen, or media, they should fund the creation themselves and everyone should be able to enjoy the results.
[0]: https://en.wikipedia.org/wiki/Paul_Samuelson https://en.wikipedia.org/wiki/Paul_Samuelson
[1]: https://courses.cit.cornell.edu/econ335/out/lighthouse.pdf https://courses.cit.cornell.edu/econ335/out/lighthouse.pdf - page 359, first paragraph