RE: Paul Krugman holds forth on the future of publishing

But you're downgrading what should be considered acceptable by adding the caveat about an alternative source of income. By adding that it's like saying that suthors shouldn't be able to make a living just off their writing. Why shouldn't we be able to make a living off our writing? Carol Hightshoe "A Time To..." - EPPIE Award Finalist // Tiptree Award Nominee Award winning editor of The Lorelei Signal and Sorcerous Signals e-zines Don't Write What You Know; Write What You Care About -- Passionately!> From: jonjermey-sFbbPxZDHXw0n/[email protected]> > Nothing esoteric about this; it's the kind of question wage > tribunals deal with all the time. Basically, a 'fair wage' > for writing is the minimum that an average person with the > requisite skills and an alternative source of income would > accept in retu
 rn for the effort involved in producing a > novel. But because all novels are different, let's be more > flexible and say it's the minimum that _that person_ would > accept in return for the effort. So if Steven King would > produce a novel for $50,000, then paying him $1,000,000 for > it is a gross misallocation of resources which could be > better spent elsewhere, just as it is to pay someone $1,000 > for a novel when they would have written it for nothing. The > degree of misallocation gives us an indication of how badly > the market is malfunctioning due to artificial restrictions > on trade and distribution.> > Jon.> 

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