Tag Archives: industry analysis

Visiting a closing Borders bookstore, the forces eroding physical bookstores are exemplified by three of us in the check-out line. They are on-line book retailing, big-box store discounting, uncaptured value, and the costs of overuse. Full entry→

When I studied economics in the early 1970s, the totally dominant point of view in academic circles was that differences in profit rates were industry effects. High profits were due, it was argued, to muted competition taking place behind high Full entry→