Featured Stories

Other Pamplin Media Group sites

Economics, age and popular music

by: Vance Tong - Vance W. Tong is the publisher and editor of the Central Oregonian. He can be reached at: 
 <script type='text/javascript'>
 <!--
 var prefix = 'ma' + 'il' + 'to';
 var path = 'hr' + 'ef' + '=';
 var addy69516 = 'vtong' + '@';
 addy69516 = addy69516 + 'eaglenewspapers' + '.' + 'com';
 document.write('<a ' + path + '\'' + prefix + ':' + addy69516 + '\'>');
 document.write(addy69516);
 document.write('<\/a>');
 //-->\n </script><script type='text/javascript'>
 <!--
 document.write('<span style=\'display: none;\'>');
 //-->
 </script>This email address is being protected from spambots. You need JavaScript enabled to view it.
 <script type='text/javascript'>
 <!--
 document.write('</');
 document.write('span>');
 //-->
 </script>

Back when I was a struggling economics major in college (a short-term major), I learned about supply and demand and the theories of John Maynard Keynes (In the long run, we are all dead), but I don't recall anything that had to do with how supply and demand can make you feel old.
   Granted, I slept through more than one of my economics classes (for some reason, there wasn't too much about economic theory that I found riveting at 7 a.m.), so there is the possibility that this subject was covered, and I just missed it.
   Regardless, I recently had an example of age, economics, and popular music all converging.
   I love music. Consequently, I'm always looking for some music that I don't have or that I simply want to try out.
   One of my favorite places is a Web site called half.com, and while I was searching for a particular CD, I noticed they had a section called "Bargain Bin."
   Cool. I love going through bargain bins at stores and now here's one online!
   That's where my joy came to an abrupt halt.
   Now I understand why bargain bins exist. It's simple economics: supply and demand. When supply exceeds demand, then the price of the item in question drops.
   But here was a place where they were selling Pink Floyd's "Dark Side of the Moon" for $1! Demand for a classic album like that one should never exceed supply!
   This is where the realization of age began to set in.
   Here was the Eagle's Greatest Hits for $2 and the Best of the Doors for $1.70. These are bands that have already written their place in rock and roll history! How could these classics be tossed aside in the bargain bin?
   True, there were several CDs that I looked at and thought, "Well, duh. Of course this is in the bargain bin!"
   I guess I'm just going to have to accept that fact that for some people, their taste is in their mouths, and not in their music.