Wednesday, January 09, 2013
Why Are College Textbooks So Absurdly Expensive? - Jordan Weissmann - The Atlantic: I just assigned Mankiw's Micro-econ (about $170?) to my public policy students and this guy comes out with an article making the obvious point that whenever the person making the decision does not have to pay the costs, costs go up. Ouch. Sorry students. I must admit the students took the news of the price of the textbook with remarkable equanimity. And it is a great text.