[lbo-talk] Meth and Monopoly (was Lumpen)

[Jim Devine]

It's an assumption, but a reasonable one: no-one has found a product
market where increased price doesn't discourage purchases of the
product. There may not be much of a change in quantity, but economists
haven't found a zero fall. There's no evidence for actual Giffen
goods, nor does meth seem to fit that theory.

On 1/25/06, Dennis Claxton <ddclaxton at earthlink.net> wrote:
> Jim wrote:
>
>
> >After all, monopoly prices discourage people from using meth.
>
>
> Is this an assumption?   We don't have data to make this kind of finding do we?
>
>
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--
Jim Devine

"The price one pays for pursuing any profession or calling is an
intimate knowledge of its ugly side." -- James Baldwin