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Re: [Pen-l] Blanchard on the state of macro
- To: "Progressive Economics" <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: [Pen-l] Blanchard on the state of macro
- From: "Jim Devine" <jdevine03@xxxxxxxxx>
- Date: Sat, 11 Oct 2008 12:27:59 -0700
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on page 17, Blanchard presents a Perelmanian perspective:
"... for an increasing number of goods, from software to drugs, fixed
costs rather than marginal costs are the main component of cost, with
the implication that the price reflects mostly the markup rather than
the marginal cost."
Julio Huato wrote:
> I wonder if people here have free access to this paper (and will share
> it off-list with the rest of us):
>
> http://www.nber.org/papers/w14259
--
Jim Devine / "Nobody told me there'd be days like these / Strange
days indeed -- most peculiar, mama." -- JL.
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