Black Barbie, Walmart, and Pricing Ethics

Social commentators, business analysts and ethicists are tying themselves into logical and philosophical knots trying to explain exactly what is so wrong in 2010 with Walmart cutting the price of its black Barbie doll, which has not been selling well at its current price, while leaving the price of its white Barbie, which has been selling, almost twice as high. Continue reading

Ethics and the $1000 a Day Drug

Yesterday, The New York Times  informed us that a small drug company called Allos is charging $30,000 a month for a cancer drug, Folotyn, that treats a rare and usually fatal form of cancer that strikes fewer that 6,000 American a year. It doesn’t cure the cancer, but merely slows it down; even with that, victims seldom survive more than a few months. “This drug is not a home run. It’s not even a double. It’s a single,” the Times quotes Dr. Brad S. Kahl, a lymphoma specialist at the University of Wisconsin, as saying. Continue reading