Archive for April 2nd, 2013

For Sale: Best-seller books … Price: $8 per kilo, hardcovers extra.

April 2, 2013

In one of my classes we study how books are priced.

One team suggested that page count was a relevant criteria … that books with more pages should be priced higher than shorter books.

I summarily rejected the idea and joked at the team’s expense.

Well, the page has turned.

The team went to China and sent me me this picture.

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Lo and behold, in China, they encountered book stores that sold books based on their weight.

A counterfeit version of the Steve Jobs biography (above) weighed in at 360 grams, and was priced by weight at 18 RMB ($2.85). Roughly 50 RMB ($8) per kilo.

The team tells me that all paperback books in that particular shop (located on Nanjing road, main street Shanghai) are sold at this rate; hardcovers are also priced by the kilo but at a higher rate.

OK guys, you get the last laugh.

Thanks to Ash Kaluarachchi & Greg Berguig for feeding the lead

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Tourney economics: Hoyas make one star a multi-millionaire …

April 2, 2013

No, I’m not talking about Otto “Where’s Otto?” Porter, Jr.

I’m talking about Andy Enfield, the  former head coach at Florida Gulf Coast … aka, “Dunk U.”

The guy who became a national sports sensation when his Eagles embarrassed the Hoyas in the first round of this year’s tournament.

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Today, Enfield will be formally introduced as USC’s new head basketball coach.

Here’s the scoop …

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