Intangible investment behaves differently

Post by ethbro » Wed, Aug 15, 2018, 8:49 PM UTC

interfixus wrote: post #49

LeifCarrotson wrote: post #34

Earlier quoted context omitted.

https://i.ebayimg.com/images/g/azAAAOSwD99av12v/s-l1600.jpg There's a shrink-wrapped cardboard package that contains Windows 98. It's the size of a cereal box, and at least as colorful. Today, I'd be intensely annoyed if I had to wait for and pay for a large box to ship - I'd much prefer an instant download, but the box was much more tangible than an email with a download link and license key.

At the time of Windows 98 you probably wouldn't have wanted to download the damn thing. If you are of a younger generation, you may not believe it, but many of us in those days made do with something called dial-up connections to the internet. I well remember downloading the StarOffice - precursor to LibreOffice - suite in the days before it was taken over by Sun, meaning 1999 at the latest. Took a little over five h…

Post by grosjona » Thu, Aug 16, 2018, 7:40 AM UTC

losvedir wrote: post #89

grosjona wrote: post #82

Earlier quoted context omitted.

Why is it that when the price drops, consumers would want to buy more and producers would necessarily want to produce less? If I was a company director and the price of the commodity that I produced dropped by a lot, I would work harder to produce more of the commodity to offset the lower profit margins; that way I could earn the same bonus at the end of the year in order to make the payment for the mortgage on my ya…

Ah, I think you have the same misconception as Gates in the post, of confusing the concepts of "points along the curve" with the curve itself. > Why is it that when the price drops, consumers would want to buy more and producers would necessarily want to produce less? I would phrase it as when the price is lower, there are more consumers who would buy, and fewer producers to sell. To take the demand curve, for exampl…