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Virginia Postrel

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Like Disneyland, luxury retailers have long had to figure out how to overcome customers’ natural inertia. Unlike less pricey stores, they tend not to attract idle browsers who make impulse purchases.

Virginia Postrel

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Virginia Postrel

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A standard ‘well woman’ checkup can last as little as 10 minutes, hardly time for any in-depth discussions.

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As a general rule, durable-goods production tends to be the most volatile sector of the economy. Since people usually have a stock of durables in use, when times get tight, they put off new purchases. What seem like small cutbacks to the end buyer translate into big swings for the producer.

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June 12, 2024

As a general rule, durable-goods production tends to be the most volatile sector of the economy. Since people usually have a stock of durables in use, when times get tight, they put off new purchases. What seem like small cutbacks to the end buyer translate into big swings for the producer.

Previous

June 12, 2024

A standard ‘well woman’ checkup can last as little as 10 minutes, hardly time for any in-depth discussions.

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