Finding new ways to look at the same old things.

Tag: branding

Do we pay too much for our cheap goods?

by The Quotidian

A new book examines the real price we pay to have consumer goods at relatively low cost – but offers few ideas to get us out of the mess.

One of the joys of an undergraduate economics education is the feeling that comes over you during your first or second year of having been inducted into a secret society – a sort of Harry Potter world with its own language, its own subculture, and its own special selection of intellectual tools. These are almost like little magic spells that allow you to see the world in a different way: as a world of hidden relations and counterintuitive mechanisms, a world that the Muggles can’t see though it’s right there in front of them.

Of course, this feeling is illusory, and soon fades – not just because real economics is a bit messier than the introductory stuff, but also because just about anyone can learn these basic tools and easily apply them to journalistic effect.

For example, take the concept of externalities. Freshman economics students discover that only some small subset of the costs and benefits of a transaction are explicitly reflected in the price. Read the rest of this entry »

Why only Apple can save General Motors

by Kai Hsing

The problem with American automakers is not that “liberals” prefer buying foreign brands, but rather that American automakers have a severe design and brand image problem.

Since my last post, I began thinking about my own personal consumer choices and how many of them could be considered “American.” While there is much acrimony about the supposed decline of America as a brand in the world (both commercially and politically), I think that there is still a ways to fall before we hit rock bottom.

Charles J. Brown of Undiplomatic wrote in the Huffington Post recently about, among other things, the problematic perception that American brands enjoy among “lefty/coastie/academic community” liberals. We’re all probably guilty of it in some way or form – it is, as Brown asserts, as part of our self-image as “lattes, Whole Foods, yoga, and Mac laptops.”

Mentioning Apple is interesting, primarily because they are arguably one of the most successful American companies both in terms of their sheer profit and cultural cachet. Apple is unequivocally successful not only in terms of their sales, which remain strong even in these difficult economic times, but also in the fact that they evoke strong positive emotional feelings among these supposedly anti-American liberals. Read the rest of this entry »

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