"It's absolutely absurd to devalue our product but I'm not surprised because our industry is populated by nincompoops." - thebookseller.com

To start, let me say that I am not an economist.  I have an MBA, but that just gives me enough background to be extremely dangerous.  I've read various philosophers, Smith, Marx, Hayek, and Friedman and act as if I know them by heart.  That being said…

Value.  That word has been batted around since the ebook pricing wars began with Amazon selling digital...