Archived posting to the Leica Users Group, 2003/03/09

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Subject: Re: [Leica] price gouging/economics etc.
From: Jerry Lehrer <jerryleh@pacbell.net>
Date: Sun, 09 Mar 2003 10:56:36 -0800
References: <BA8DDE2A.B71E%telyt@earthlink.net> <008201c2e4df$894cd8f0$0000a398@Library> <3E69057D.5070809@bluewin.ch> <003e01c2e511$dbe33320$0000a398@Library> <3E698CA1.6070608@bluewin.ch> <006301c2e5ec$c5eafef0$0000a398@Library> <3E6B18C0.6070108@bluewin.ch> <00a101c2e62f$fc49edb0$388a8418@symkeehx5nw8g8> <3E6B85A1.20700@bluewin.ch> <000a01c2e66c$0d215560$388a8418@symkeehx5nw8g8>

Simon

The Big Mac may be standardized in size and configuration
in different countries, but certainly not in taste.  The Japanese
Big Macs have a unique taste.  Not bad though, but their
milk shakes are much better than those in most other countries.

Jerry


animal wrote:

> thanks
> simon
> ----- Original Message -----
> From: "Nathan Wajsman (private)" <nathanw@bluewin.ch>
> To: <leica-users@mejac.palo-alto.ca.us>
> Sent: Sunday, March 09, 2003 7:19 PM
> Subject: Re: [Leica] price gouging/economics etc.
>
> > Simon,
> >
> > Yes, The Economist publishes the Big Mac index periodically (I think
> > once a quarter). For the uninitiated, the Big Mac index is their
> > somewhat tongue-in-cheek application of the Purchasing Power Parity
> > theory, which states that a "correct" exchange rate between two
> > currencies is one at which the price of a basket of goods is the same in
> > the two countries involved. The Economist has been using the Big Mac
> > instead of a basket, since this is a product which you can obtain almost
> > anywhere and which is totally standardized. It shows a surprisingly high
> > correlation with the more sophisticated PPP calculations.
> >
> > Nathan
> >
> > animal wrote:
> > > yes really like the carefulness of your discussion.
> > > Agree that a fair price does not exist in a true market economy.
> > > Easy to confuse value with price and price divided by value is even
> > > trickier.
> > > Internationally it is even harder to do.Does anyone know if the Big Mac
> > > standard is still used to compare countries?
> > > simon
> >
> >
> > --
> > Nathan Wajsman
> > Herrliberg (ZH), Switzerland
> >
> > e-mail: nathanw@bluewin.ch
> > mobile: +41 78 732 1430
> >
> > Photo-A-Week: http://www.wajsman.com/indexpaw2003.htm
> > General photo site: http://www.wajsman.com/index.htm
> >
> > --
> > To unsubscribe, see http://mejac.palo-alto.ca.us/leica-users/unsub.html
> --
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Replies: Reply from "animal" <s.jessurun95@chello.nl> (Re: [Leica] price gouging/economics etc.)
In reply to: Message from Doug Herr <telyt@earthlink.net> (Re: [Leica] Comments on a BD Colen statement & PMA)
Message from "Jack Herron" <jherron@theriver.com> (Re: [Leica] Comments on a BD Colen statement & PMA)
Message from "Nathan Wajsman (private)" <nathanw@bluewin.ch> (Re: [Leica] Comments on a BD Colen statement & PMA)
Message from "Jack Herron" <jherron@theriver.com> (Re: [Leica] Comments on a BD Colen statement & PMA)
Message from "Nathan Wajsman (private)" <nathanw@bluewin.ch> (Re: [Leica] Comments on a BD Colen statement & PMA)
Message from "Jack Herron" <jherron@theriver.com> (Re: [Leica] Comments on a BD Colen statement & PMA)
Message from "Nathan Wajsman (private)" <nathanw@bluewin.ch> (Re: [Leica] price gouging/economics etc.)
Message from "animal" <s.jessurun95@chello.nl> (Re: [Leica] price gouging/economics etc.)
Message from "Nathan Wajsman (private)" <nathanw@bluewin.ch> (Re: [Leica] price gouging/economics etc.)
Message from "animal" <s.jessurun95@chello.nl> (Re: [Leica] price gouging/economics etc.)