Page 90 - Scrimshaw1975-76

Page 2 Scrimshaw Thursday, February 12, 1976 ~Clitorial ••••••••••••••••••••••••••••••••••••••••••••••• Books have always been an upwards to over $100 for one If you've found yourself in a bought second-and third-hand) can the near future for next year essential part of the collegiate' semester, wrought havoc with class where many individual books learning process. Students have bank balances and thinned wallets are required for reading (English ~~~~~~~~e p~:~~~a~~t~~~ same Alternately, the bookstO"re C~UId, always had to buy their books, are considerably, all in the name of classes are especially notorious as do other college bookstores, still buying books, and will con- higher education. And every for this), then you know exactly offer to buy back books and then tinue to buy becks as a means of semester complaints are how Gulliver felt when swarmed But second-hand books are hard resell them, profitably enough to ruruntng their course re- overheard from throughout the upon by the Lilliputians. Small to-find commodities in themselves. make the process worthwhile. But quirements. This is a fact that student body regarding the ex- books can cost as much as Our bulletin boards become the usual way of buying back used will not be denied. However the. cessive costs of purchasing books larger ones, especially when they overcrowded with notice of books books is to pay from 10 to 20 per- question has long been raised as to in order to pass their courses. are needed in great numbers;' for sale following the beginning 01 cent of their original cost, hardly whether the exorbitant costs for Anthological editions, putting each semester. Yet sorting through giving any real advantage to the these books is absolutely And yet the central objection is together the necessary portions the mass ~f "For. Sale" signs a~d prospective seller. In order to give necessary never answered-that is, "What of several smaller editions could then .hunhng. down the books III this idea any value, a reasonable is being done constructively to be another way of saving a small question. to find out whether they resale value should be given to the Are books too expensive? Is the keep down the costs?" The have already been sold of not, is books (say 40 to 50 percent) and number of books required for class !'(Timshaw would now like to make amount of cash, if they were used not exactly all the fun it's built up then the store could sell them really needed? Is proper con- several suggestions to help lessen more often to be labeled as second-hand books at sideration made of student check- this problem. Most of them require Edition changes, which many app~ximately 60 to 7~ percent books when teachers select and consideration by administration times are just altering chapter Som~ type of space for reselling original value. mandate the. course's books? and faculty, but one especially lilies and numbers and sub- books In a centralized location on Furthermore. are there sufficient needs student participation stitutlng pictures in many cases, campus should be provided. This So these are several suggestions means to resell books on campus can really add to costs. Scrimshaw would allow us, as consumers, to that, if put into effect, may limit here to aid efficiency in textbook Instructors should investigate does not feel that faculty can really look over the choices of books for the ~mount ~f money you expe~d use? Finally, does a change in and think about the cost of all change the situation of editions the best buy. Perhaps they could on .InstructIonal materials In textbook editions automatical- possible textbooks for a course. If that are revised and are out of even be arranged in an orderly commg semesters. All of them Jy incur an increase in actual the usefulness of several books are print. But there can be comparison fashion someplace in the student may not logistically or learning? almost equal, the least expensive of separate editions by the in- center-the bookstore perhaps-or philosophically feasible, but some These are questions brought up one would normally be chosen for structor as a means of determining in the cafeteria. This type of can be put into use by a small among Western Maryland College the course. It must be understood whether older editions are reaiIy system would need to be sponsored amount of effort from different students as they were departing that quality should not be given up as obsolete as they are all cracked by either the administration or the groups on campus. With the cost of from the school bookstore during' for the sake of price, but there up to be. By bridging the com- SGA. and would require further inflation and the rise in tuition, last week's semi-yearly book- should be- some consideration of muntcauons gap an instructor logistical polish. However, if there these and other possibilities, buying bonanza. Book price totals, book costs made in the selection can somehow leave word to his was enough student interest in the should at least be.considered. ranging from "lows" of $20-$30 process students that older editions (books proposal, work could begin on it in Jeff Robinson Personal ViewPoint: Regulation and the Natural M. Tucker Gas Shortage . by Richard Within a matter of weeks, i.e. one must understand asserted in favor of regulation is competitive one. argument were sound, - the Congress will decide whether or microeconomics. This subject, too that the natural gas inudstry is not Who suffers from a shortage of redistribution would be best not to end forty years of harmful deep for presentation in the space competitive. This is not true-as natural gas? Everyone. Many handled outside the market. We control over the price of natural allotted here, is better left for the evidenced by the absence of any workers will lose their jobs as their must avoid the seduction of "poor gas sold interstate. I feel corn- classroom. Unfortunately, as non- antitrust action by the Justice employers are forced to shut down folk analysis," an irrational pelled to explain the economics majors seldom venture far enough Department, and by the con- or cut back, either because they method of study which I have involved, lest anyone at 'western away from their own disciplines to clusions of a recent Federal Trade may get no gas, or because they exposed as dangerous and coun- Maryland should remain as master this more challenging Commission staff study regarding must shift to a more expensive terproductive in a previous essay. misinformed as the congress- subject, I shall briefly make my the industry. But, even if it were, source of energy. Taxpayers pay In short, if our leaders have "the persons, mostly Demo- point via an extreme analogy. the argument would still lack for the unemployment relief, and public interest" truly in mind, they crats, and citizens" such as Suppose that the government economic validity, because price consumers pay for the price in- will immediately, permanently, George Meany and Ralpb Nader, placed a ceiling of $5.00 on the controls do not interier with a creases caused by the shortage- and completely decontrol the price who oppose deregulation. These price that may be charged for a monopolist's ability to restrict induced use of other fuels. of natural gas sold interstate, "defenders of the public interest" Ford Pinto. Immediately, output to maximize monopoly It is often asserted that allowing it to reach an equilibrium have already done irreversible everyone would desire one of these profits. You may tell a monopolist regulation still is necessary level. Likewise, the best policy damage to the economy by cars, but alas none would be of- that he may charge no more than because of the harm which would with respect to oil is to deregulate providing the nation with an fered-there would be a shortage. the legislated price for his product, befall the poor from deregulation. completely. If either industry is not energy policy worse than no policy. Now this is exactly what happens but, you may not force him to Unfortunately, the poor suffer competitive, let the FTC and the I am referring to the bill recently in any industry where the con- produce the quantity that a most from price controls. The rich Justice Department initiate an- signed into law by President Ford trolled price is lower than the ,CQIDpetifure firm would predeee can-errerc-te-substttcte coat 0F0if t1trust acuons.lfThere are equity (in direct opposition to his market price, a nearly universal under the same conditions, when the shortage hits their considerations. redistribute in- philosophical rhetoric) which, trait of controlled prices. If the similarly attempting to maximize homes; the poor cannot. It is the come in conjunction with among other things, "rolls back" price for Pintos were allowed to his profits. In short, price poor who become unemployed as deregulation. However. as I have the price of domestically produced rise to the market level, at this regulation is no substitute for plants contract and close down, noted already, both of these con- oil, at the very time that our equilibrium price the number of antitrust-even for the short run. and it is they who always are the tingencies are improbable. Only by dependency upon foreign supplies cars demanded (per time unit) Price regulation, ceteris para bus. least able to endure the lower fo!lowing this course will we at last is increasing at an intolerable would equal the number offered for will always result in a greater standard of living which inevitably end years of our regulation- speed. sale exaculy. shortage within a monopolized results from a misallocation of induced shortage and within B The economics of price control One argument frequently industry than it will d D a resources. Yet even if the equity misallocation of natural gas. are the sam-e for both the natural en nett name irector o] Admissions gas and the nil industr-ies. (Technically, of course, the two are _ merely parts of one-the L. Leslie Bennett, Jr., of Ohio serving as the Associate Director stantiai student assistance Bennett studied further and earned :~:~~e t~~~~~' a~U!ep:~at:h:~~ ~i~S=Sn -~~;~i~~~~a~r :i~ A~t ~hi~~m~~Si~gaa~ ~~~a~a~~eg:t program. his master's degree at Indiana our discusston.j In both industries, Western Maryland College, Hiram College as an admissions His professional affiliations ~;I~~~:it~tu~~ert he majorled ~n ;~~~u~aat:dr~~u~~e~li~\t~eh:~~:~ ~::t~~~~e~~!~e b:n~~~~~~=~ counselor in 1969. ~:tli~~:1 ~~:~~r::i~f ~ore~~~ ministration. n personne a- :~~~~ toh;: w~t~~~~~r ~:~:~~~:~ ~~~~::~c:ffar~~~ - president for M~r~la~~!s as~~~~:~!e:d:f~ti~~~ ~~~~~~!t~~V~~o~~I~;;et~~:f~f~:~ Presently B~nne~t is. residin~ in a more expensive substitute. In the "The college is indeed fortunate procedUres and oversee Counselors. :n~t~~~~~ers~~~h ~~~~~:~:e;:~ca8 ~~:~;!bt:~a~~:~~nol~:o~~~~ ~~~~~~tsM~r~e~~~~~~~~~i~~~'i~ distribution of the college's sub- A graduate of Hiram College, months. Et Cetera •••••••••~••• to help "fill Uie gap" by selling us ~~~~~:~~;~~ h~~~~g~~~~~ion~~~ Compiled by Mark Katz ~~~~ ~:~tetl~~e~nl~U~~!ile~n!~~ general. and in admissions and Reacting to stiff fines imposed on declared: "I think it's ridiculous to friend is a dog. tors of the new energy law. In the financial aid. in particular, will eight of his players [or drug use, think men would stand for that sort ---------- case of the natural gas shortage, serve the college well. We look the owner of the San Diego of thing." A new shop has opened in fn~~~s~: ~~fii~~i~e~:i1~:!lbya~~ for:e~~~t~Oj:i~ c~~tr~::~~:~~tive ;I~~~~~rs :~~et!~~n~~~:s=~~:! --:w:::u~m:':.en:::":::li:;-b-:c1a-:;m-'eq-ua-:-In-:·g-:h-Is-; :cec::~~::af~~' ~ha~!f~;~~ S:~I~ oil. but part also has gone staff at Western Maryland after ~~~ft~~:o~~::~~:s~e;i!~~t. ~:; ~s~7ri:~e _di~:O~dsr::,: e!~~e d'oa~?room. It's called, "Come ~~~ei~~:i~~t ~O~c:i~~~l~hi~ ~~~r----------~=~'-C::~E!~S~T:;A;;;PH;:''*W;;:hU:::t::u~B1;:a=m::'~.=_.::_~~~:....::~c::._ .., case of natural gas that it appears Kimbre Shewbrillge, Mark C, Bayer The UIUeTtlree: more urgent than that of oiL In M~II Bowe.. , M~rk Katz, Jeff Robinson reality, however. the two situations are equally dire Tyrant Emeritus: Head Drawer: L~yout Wiurd., To understand completely wh~ Baron L. Tayler M~rk C. Bayer Mark C. Bayer, Jeff RObin,oll, Kim Shewbridge price controls inevitably result in The Man Who Fil