Timeline for Word for Historically Expensive Products or Services
Current License: CC BY-SA 4.0
12 events
| when toggle format | what | by | license | comment | |
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| Apr 8 at 17:22 | comment | added | jsw29 | This does not affect the core of the question, but the high prices of long-distance phone calls reflected not just the labour involved, but also the limited capacity of the long-distance lines. The prices did go down dramatically once the capacity increased. | |
| Apr 8 at 17:15 | comment | added | jsw29 | @StuartF, Veblen goods and similar terms may apply to some such cases, but not to everything that the OP has in mind: it is unlikely that paying a lot for a short phone call made people feel specially good about their social status. | |
| Apr 2 at 16:31 | answer | added | TaliesinMerlin | timeline score: 1 | |
| Apr 2 at 13:44 | comment | added | automaton | @WeatherVane You can get cheap readers off the the shelf in the US for similar prices. I was more referring to prescription lenses that must be custom made | |
| Apr 2 at 11:28 | history | edited | Edwin Ashworth |
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| Apr 2 at 7:12 | answer | added | Raestloz | timeline score: 0 | |
| Apr 1 at 21:23 | comment | added | Weather Vane | "... a pair of glasses costs around $30 USD." In UK Poundland sells ready readers for £1.50. One difference is the quality of the lenses, and the durability of the frames. | |
| Apr 1 at 20:38 | comment | added | Stuart F | Lots of not-quite terms like Veblen goods, Giffen goods, positional goods, status symbols, luxury goods, conspicuous consumption, price inelasticity of demand, etc. Not sure this is a real economic phenomenon but maybe the OP has some citations. | |
| Apr 1 at 20:18 | history | edited | automaton | CC BY-SA 4.0 |
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| Apr 1 at 19:57 | comment | added | Weather Vane | Can't find an actual dictionary definition but suggest legacy pricing or grandfathered pricing. | |
| Apr 1 at 19:56 | comment | added | GEdgar | Please answer the question, do not criticize the accuracy of the examples. | |
| Apr 1 at 19:27 | history | asked | automaton | CC BY-SA 4.0 |