Re: Advertizing 30 Jul 1994 11:52:52 -0600 from <SETHI@polyglot.uvm.edu>

[Jim Devine <JNDF%LMUACAD.BITNET@xxxxxxxxxxxxxxxxx>]

One basic principle of economics is: whoever pays the piper calls
the tune (which is modified by teh existence of monopoly and the
like). Given this, who pays for the "free" TV services we receive?
who keeps the price of a newspaper below $1?? who calls the tune?

This complements Doug Henwood's anecdotal evidence (which could be
multiplied a thousant fold, I would guess).  Anecta  Anecdotal
evidence has its problems, but it's still evidence. The same can
be said for econometric studies, which are often misspecified or
leave out variables, etc.  If such studeies contradict personal
experience, which are we to believe?

off to Mexico for a wh  week,

hasta la vista, babies,

Jim Devine
jndf@xxxxxxxxxxxxxx or jdevine@xxxxxxxxxxxxxxx
Econ. Dept., Loyola Marymount Univ., Los Angeles, CA 90045-2699 USA
310/338-2948 (daytime, during workweek); FAX: 310/338-1950