Poor-Quality Observation
5 February 2008
Editor, PCMag.com
Dear Editor:
Asserting that product quality is disappearing, Sascha Segan explains that "It's simple economics that companies will sell the worst products that people are willing to pay for" ("It's Pay Now or Pay Later With Consumer Electronics," February 5). Really? Do all wineries produce nothing but swill? Do all publishers sell nothing but pulp fiction? Do Harvard, Yale, and Troy State award only on-line degrees? Are all new homes mobile? All jewelry costume? All hotels motels?
Ms. Segan had best both learn more economics and, more importantly, observe reality a bit more closely.
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
Editor, PCMag.com
Dear Editor:
Asserting that product quality is disappearing, Sascha Segan explains that "It's simple economics that companies will sell the worst products that people are willing to pay for" ("It's Pay Now or Pay Later With Consumer Electronics," February 5). Really? Do all wineries produce nothing but swill? Do all publishers sell nothing but pulp fiction? Do Harvard, Yale, and Troy State award only on-line degrees? Are all new homes mobile? All jewelry costume? All hotels motels?
Ms. Segan had best both learn more economics and, more importantly, observe reality a bit more closely.
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
Posted by Don Boudreaux on
Saturday June 28, 2008 at 10:22am