I’m a big fan of the Marginal Revolution economics blog, so one would hope not to see things like this:
If there was “one toothpaste for all†the price would be lower and I would be better off. But one peanut butter for all would stick in my craw. I am willing to pay more for products I don’t care about to have options among products that I do care about.
Fewer choices clearly does not mean lower prices. Hopefully Alex meant that if his wife couldn’t choose Burt’s Bees toothpaste (which he says she prefers), then the one true choice would cost less than the $4.50 Burt’s costs, so he personally would save money, but it’s this sort of sloppy phrasing that encourages the anti-free-market types. Repeat the mantra: more choices means more competition which means lower prices.
Oh, and Alex, I recommend the Whole Foods grind-your-own.
May 18th, 2005 at 9:21 am
Marginal Revolution: Peanut butter choices
Marginal Revolution: P…