Mentioned by Doctor Oz

Two of my Wise Bread posts, The Ethics of Hoarding and Healthy, Frugal Eating, got very kind mentions in the Doctor Oz blog:

Wow. Just a stellar post… Philip Brewer strikes again with a straightforward, no-bull piece on why we gotta suck it up and stop eating expensive crap. Stern, but informative!

I find it surprisingly difficult to extract quotes like that—it seems too much like bragging. I guess that’s why it’s useful to have a publicist.

Mentioned on Planet Green

My Wise Bread post Have Style, Not a Lifestyle was featured on the Discovery Channel’s Planet Green.

Here’s the gist of what I had to say:

The key to resisting the Diderot effect is to have style. Not just any old style, but a particular style. Something nicer than everything else you own isn’t in keeping with your style and that makes it easier to resist: It’s just not you.

Check out the Planet Green’s Watch Out For the Diderot Effect which includes a link to a translation of Diderot’s famous essay.


One convenience of living in Central Illinois is that the astronomical seasons and the meteorological seasons line up pretty well—you can reasonably expect spring weather along about the third week of March.

Just now, though, the equinox is still a full month off and the weather is wintery. It’s been weeks since we’ve seen the temperature manage to make it above freezing. But today it is forecast to do just that. It won’t be for long, certainly not long enough to melt much snow, but any melted snow has to be counted a plus right now.

I’m ready to get back to running and bicycling, but not quite ready enough to run or ride over the ice and snow. But, in Central Illinois, I can look at the calendar and have good reason to hope that the sidewalks and road shoulders will be soon be clear.

Avdi has it right: Give your kids high standards

This is exactly right:

Subjecting children to daily unpleasantness – in the form of arbitrary rules, dysfunctional socialization, scholastic regimentation, age-segregation, teasing, bullying, verbal abuse, or what have you – in the name of acclimatization to the “real world” simply lowers their standards for the life they will accept.

via The Lazy Faire » Blog Archive » It’s OK to give your kids high standards

The idea that parents should stand aside from protecting their kids—or even go so far as to deliberately do things that are cruel or capricious—to make sure that children learn the various lessons that add up to understanding that “life is tough” or “life isn’t fair” is an insane one. No child, no matter how coddled or protected, is going to fail to confront the sorts of problems that drive those lessons home.

I’ve written on the same topic.  In particular, in Find Work Worth Doing, where I criticize mock work (such as most school work) and go on to say:

I think parents also do their kids no favors when they encourage them to take low-skill, part-time jobs to earn pocket money.  (Sometimes they do so with the explicit motivation that it will teach their kids the value of work!)  Kids will be far ahead of the game if they’re taught how to identify work that’s worth doing, and how to find a job doing that work.

Protecting a child from the hard knocks of life will not prevent your child from learning the truth about the real world. Nothing can.

Amazon, cross-subsidies, and supply chain management

Jay Lake gently suggests that just waving your hands and saying “Cross-subsidy” is not a complete answer to the notion of what Amazon thinks its doing, and that’s a fair point. I think Amazon’s real objectives have a lot to do with controlling the marketplace. By selling ebooks below cost they do several things at once; in particular, they make it expensive for anyone else to enter the ebook market for new bestsellers.

If they can establish the one true price for the ebook edition of a new hardback, and keep other booksellers out of the market by selling the books at a loss, they’ll soon be in a position to dictate terms to the publishers in the same way that big-box retailers dictate terms to their suppliers in other markets. (Clearly they were supposing that they were already in that position, else I don’t think the “disappearing buy button” fiasco would have happened. Fortunately, it looks like Amazon pushed too hard too early.)

I think the result of an Amazon victory would have been very similar to what we have seen in the big-box stores over the past few years: Consumers would enjoy low(ish) prices while suppliers would see ever-increasing pressures on their profits. (I’m seeing the publishers as suppliers here, although the profit pressure would pretty quickly flow on to authors as well.) Choice would decline as profit pressures forced all but the lowest-cost suppliers out of business.

So, I’m glad that seems to have been headed off, at last for the moment.

Having said all that, though, I think the cross-subsidy analysis is also correct. I think Gillette made its own razors to give away, but it wouldn’t have needed to. Nowadays it would surely outsource razor manufacture, but that wouldn’t be necessary either. It could just as easily announce that it would sell any razor that matched the specs for its blades, and then sell them for less than it paid its suppliers. (In fact, that might be a perfectly viable business model. Surely some shavers would go for a cool-looking limited-edition art razor and accept the resulting lock-in to Gillette blades, as long as the razor wasn’t too expensive.)

Tobias Buckell on ebook pricing issues

Toby has a good take on ebook pricing issues.

Very briefly, mainline publishing houses would prefer to go with a pricing model similar to the model for physical books, where books start at a premium price when they’re new and then are sold at gradually cheaper prices. Amazon, on the other hand, wants to sell a cheap(ish) $10 ebook edition of new hardbacks, because that’s a price point and market segment that drives sales of the kindle, but shows no sign of further lowering the price as cheaper editions of the physical book come out. (One supposes Amazon’s theory is that there are a lot of people will pay $300 for a kindle to read the latest bestsellers for $10, but many fewer who will pay that much to be able to read last year’s bestseller for $4.)

The whole issue (Amazon taking down the Buy button for most books sold by Macmillan imprints, etc.) has produced a lot of talk by non-authors about how publishers are obsolete anyway and authors should just produce and market their own ebooks. But that sort of talk just goes to show that they don’t understand that publishers are specialized venture capital firms (as opposed to specialized manufacturing companies).