BUSINESS
08/19/2014 11:44 am ET | Updated Aug 19, 2014

Why Textbooks Cost So Much

ASSOCIATED PRESS

STUDENTS can learn a lot about economics when they buy Greg Mankiw’s “Principles of Economics”—even if they don’t read it. Like many popular textbooks, it is horribly expensive: $292.17 on Amazon. Indeed, the nominal price of textbooks has risen more than fifteenfold since 1970, three times the rate of inflation (see chart).

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