Oh Harry you know the answer.
 
The price of a product is the summation of all costs plus profits.  Sometimes not all costs are included in price of the product.  It is these costs that are not counted  that keep goods so low in price and help to exacerbate the consumer society.
 
Think car exhaust, smokestacks, diesel trucks, spilling mercury into rivers by pulp and paper manufacturers, etc.  These externalities are social costs absorbed by the larger society.  The costs get counted in a range of illnesses, tainted food, etc (and just possibly global warming.)
 
arthur
-----Original Message-----
From: Harry Pollard [mailto:[EMAIL PROTECTED]
Sent: Thursday, December 18, 2003 7:31 PM
To: Cordell, Arthur: ECOM; [EMAIL PROTECTED]; [EMAIL PROTECTED]
Cc: [EMAIL PROTECTED]
Subject: RE: [Futurework] http://www.glaesernemanufaktur.de/

Arthur, old lad,

 

Would you mind listing these “social costs” if you can do it without hitting the books by candlelight, or something. It’s holiday time.

 

Harry

 

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From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]

 

As long as the price of the product includes the social costs (externalities) I think that consumers should consume until the "well runs dry"  (of course if the product is properly priced, including the future discount rate of increasingly scarce resources, then prices will rise)

 

arthur

-----Original Message-----
From: Harry Pollard [mailto:[EMAIL PROTECTED]]

Arthur,

 

As you might agree, one person’s crap is another person’s joy.

 

I really don’t like Ed’s implication that one person has the legal right to deny another person what he wants because it is thought to be crap.

 

A Brave New World of force and coercion.

 

 


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