I could not agree more. There is a note that "this price was set by the publisher". I simply will not buy this book, at least not at this price. I am interested in the content, but not that interested. If the publisher expects me to pay the same price for digital content that is being charged for something that must be printed, transported and sold at retail ... then they are just not being reasonable. And they will sell fewer books because of it.
I just saw the interview you did on The Daily Show and was intending to buy this for my kindle. While I can afford it, the sheer greed of charging 17 dollars for a digital edition that literally costs the publisher nothing to distribute has ensured that I will not buy this.
I hope you discuss this with your publishers. While they may think 16.99 > 9.99, 9.99 >> 0. Which is how much I will be spending now.
Give it a couple of weeks - it'll come down. I bought a new release a couple of weeks ago for $15.99 or $16.99 because I really DID want it right NOW. Now its down to $12.99. In a month, it'll be $9.99. When I'm not in a real hurry for a book, like with this one, I just download the sample and then click buy once the price drops. They charge these prices at first because there are some folks who are in a hurry for a book and will pay it. I've been one of those people on a couple of occasions and it was worth it to me. Its what the market will bear. If you have the time to be patient, be patient...
I also saw the interview on the Daily Show and went to Amazon to buy the ebook. I buy and read ALL my books on the Kindle. But looking at the price, all I can say is - "Hell NO" I am not paying $16.99 for a ebook that sells for $17 hardcover. As a result I will not buy this book, but will wait to get it from the library. I know about 5-6 friends of mine who will feel the exact same way. Your loss, greedy publishers.
Also saw their interview on the Daily Show last night and was sufficiently intrigued to come to Amazon to purchase it for my Kindle. $16.99 !?! Sorry, no. I'll wait for my library to get a copy and READ IT FOR FREE.
Am I the only one who sees the irony/hypocrisy of an overpriced book that points fingers at greedy Wall Street pigs?
Ya know, for a bunch of people looking to buy a book on finance some of you really don't understand elementary economics. The authors and publisher are riding a huge wave of free publicity from the appearance on The Daily Show and are cashing in on it while they can. In a couple of weeks, once that notoriety has waned, the price of the Kindle version of the book will come down.
I jumped right to Amazon to buy the book after I heard McLean on Bloomberg, but when I saw Kindle price, forget it. I like to read more with the Kindle, but discount prcing is why. No discount, no purchase.
Maybe Amazon could add a link to these books so that we may easily complain directly to the publishers. I realize we could go to their web pages to do the same, but maybe a place right here where we could all complain as we decide not to purchase either version -- that is then forwarded to the publisher -- would be nice.
We Kindle owners can stop this. Hold firm and vote with your feet. I think iPad reopened the door to publisher abuse. But...everyone agrees that voracious readers have Kindles. Nothing over $9.99. Period!!!
After being shocked out of my senses by the outrageous price of the Kindle version, I realized how closely the publisher's actions mirrors the abusive practices of those responsible for the financial collapse orchestrated in large part by the financial institutions. Amazon should not stand idly. The owner's of Kindle should be entitled to rely on more stable and reasonable prices. The over-price for Kindle version closely mirrors the abusive practices talked about with Jon Stewart, regarding "All the Devils are Here". The publisher must surely be one of those "Devils"! Amazon, Please do not become one!
Another Daily Show viewer here who became interested and then lost interest after seeing the price. I don't have a problem with the hard cover price but I would like to purchase the kindle version. The thing is ebooks have less value to me than a hard copy. I have to deal with DRM when buying a kindle book and my girlfriend often goes through my previously read books and reads them. A pain to do if possible with an ebook. Why not buy the hard cover? Too many books already, which I enjoy loaning out. I bought a Kindle to save space. I bet publishers would love it if we all had to buy books in ebook format that way we could not easily share with friends and family.
Not so fast my friend. I understand economics just fine, and recognize price gouging when I see it. I also understand the animal spirits of the market place and how ill will can impact buying decisions for a long time. Besides the purchase of any given book is not going to be a lingering top of the brain motivation for most folks, especially when the books rating is being hurt by the ill will of price sensitive buyers. Do you think price gouger's generate good will or ill will?
This is an excellent point, although for reasons which are not expressed. Kindle readers have some sense of the cost structure of ebooks. They are digitally delivered without the need for printing, binding, shipping, storage, and brick and mortar costs of sale. The Kindle does provide convenience as a distribution channel for the reader, but let us not forget the initial investment in the Kindle itself. Why pay a couple of hundred dollars for a device to buy digital books at a reduced price when the books that interest you are priced the same as a hard copy. Until Kindle buyers get a sense that they have recouped their original equipment investment they are going to naturally be price sensitive to ebooks which are inherently cheaper to distribute in the first place. I am really amazed at the risks that these hypothetically sophisticated marketers are taking on this issue.