"Expensive, useless, a jewel for iPhone"
IAmRich is the latest from developer, Armin Heinrich. It costs almost $1,000 (£599.99), and does absolutely nothing at all.
Yglesias, a philosopher by training, betrays the typical planner’s ignorance of economics when he argues that “the high cost of housing in New York, Boston, Washington, San Francisco, Santa Monica, etc. indicates that there’s market demand for walkable urbanism.” I suppose he would say that the high cost of the “I Am Rich” iPhone application — a $999.99 app that does nothing but display an image of a red jewel, and which eight people bought before Apple removed it from its app library — proves there is a market demand for expensive, useless things. In other words, we shouldn't confuse price with demand — demand is a function that considers both price and quantity.
This relates to the article in the Theoretical Institute's Antiplanner article: http://ti.org/antiplanner/?p=2887
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