We miscalculated demand for Rothbard’s Mystery of Banking, and ended up running out for a second time. But now it is back!
Source link: http://archive.mises.org/11550/the-mystery-is-back/
The Mystery is Back
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“We miscalculated demand for Rothbard’s Mystery of Banking, and ended up running out for a second time.”
Oh dear. Looks like some quantitive easing is in order to help fuel aggregate demand
Yes, a clear case of market failure. If someone doesn’t rescue us, there will be a 2nd great depression.
sorry about that. Purchase was disabled. Another market failure, but now fixed.
What a fantastic book!
Surely you know by now there are no such things economic calculations. They are merely forecasts!
I can just see the headline about this in the New York Times: “Mises.org shoppers wreak market catastrophe with ‘animal spirit’ demands!”
The introduction alone is worth the price of the book.
What?! I’m shocked that you have demand for a product you give away digitally for free, at http://mises.org/Books/mysteryofbanking.pdf, certainly to the disdain of some who would insist on the necessity of absolute lockdown of the free distribution of information!
IP is simultaneously a system of price controls and prohibitions, which are perfectly legitimate agreements…
…when made voluntarily! Business agreements are called contracts, while a voluntary prohibition is simply called a diet (i.e. personal resolutions, explicit group social agreements, religious restrictions on voluntary acts, etc.).
Further, Human experience shows us that there are always failures in these goals, however noble they may be in some cases. The costs of those failures lie with the actors involved, and should be left with them, and their consequences. Enforcing a smoking ban, a price-fixing scheme, a ban on ‘illegal’ downloads, or an agreement not to draw dirty mickey mouse cartoons passes the costs of these dirty habits on to all of society.
And since the enforcers are a monopoly, their decisions are more likely to be arbitrary, deficient, and discriminatory, and their employees more susceptible to corruption, incompetency and inefficiency.
…and so the glove is cast down by iawai!
It is necessary to raise the price of the book, and the demand will be suitable then.
Obviously Jeffrey is making up stories about demand for a hard copy of this book.
After all, with the freely available and infinitely copyable electronic version, there can be no remunerative demand what so ever.
Haven’t we been told this often enough?
This is clearly Fallacy #136 again, that some anonymous furnature magnate in Iowa is buying these books (or at least making accounting entries to that effect) by the millions in order to fund the Mises Institute by stealth since there is no actual demand for anything like a “free” market in the US that isn’t just a front for that same “fund”.
I own several books in both electronic and print versions (not from the Mises Institute, necessarily). Print and electronic versions constitute different forms of a good, with different capabilities & uses, so there can be demand for them both.
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