Chart of the day

Via Tyler Cowen:

Wow– textbook prices up more than medical prices.  And I dare say medical technology has improved more than textbook quality.  This presumably does not take into account, though, that tons of books are purchased used. So many, in fact, that publishers publish new editions far more often than they need to and charge more, to make up for all those used books.

About Steve Greene
Professor of Political Science at NC State http://faculty.chass.ncsu.edu/shgreene

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