25 March 2019
The mere thought is at once repulsive and terrifying: books as commodities. After all, a book is the original divine creation of its author, right?
We typically think of commodities as undifferentiated products such as corn or wheat. To a consumer looking for flavor and nutrition, one kernel of corn is the same as another. Though higher-quality corn can command premium prices, the price ceiling is ultimately determined by what the market is willing to pay for a given product.
