Re: Nike again

["Anthony D'Costa" <dcosta@xxxxxxxxxxxxxxxx>]

Your book's title appears familiar "The End of Economics".  Have you seen
"The End of Economics? Ethics and Disorder of Progress" by Cristovan
Buareque?  It might be useful.

Anthony D'Costa
U of Washington

On Fri, 4 Mar 1994, Michael Perelman wrote:

> Yes, Nike is a marketing company.  Keep in mind that as companies rely more and
> more on fixed capital to replace labor, they, in effect, increase their
> ratio of marketing to production.  For example, automobile manufacturers become
> mere assemblers and marketers.  More and more of the value added is in
> oursourced parts.
>
> With respect to John Maurice Clark, much of his concern about overhead costs
> was implicit in his fathers work.  Although J.B. and many of the leading
> lights of economics wrote text books on perfect competition, they recommended
> policies based on the idea that large fixed capital costs made competition
> destructive.
>
> I have a piece in the Summer issue of the Journal of Economic Perspectives
> (in Joe Persky's column) on this subject.  It is also in a new book that I am
> completing called The End of Economics.
> ----
> Michael Perelman
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
>
> Tel. 916-898-5321
>      916-898-6141 messages
> E-Mail michael@xxxxxxxxxxxxxxxxx
>