Designer Fashion: The Benefits of Cheap Copies
The NYT reports that new fashions are being copied more quickly than ever due to the ability to quickly circulate pictures over the web. The article would have benefitted from some economic analysis. While designers would predictably be unhappy with this situation, the availability of low cost copies of designer fashions would lead to substantial economic gains, just as lowering tariffs leads to economic gains.
--Dean Baker
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COMMENTS (5)
In the fashion industry copying is encouraged, it is a top down influence industry.
The designers to have a bit of lead time though.
It is the outright forgery that is a problem. Fraud is fraud, even in the name of cheap purses.
Posted by: save_the_rustbelt | September 4, 2007 11:02 AM
Dunno Dean,
I am not a faithful follower of fashion, but it does seem that if you drain all the revenues from design...design will stop being a viable economic activity.
Where that to pass, how would the consumer and/or the economy be benefited?
Shouldn't the minds of Asia come up with their own styles that would turn the heads of fashion conscious woman everywhere? Why this parasitic relationship?
Posted by: S Brennan | September 4, 2007 1:12 PM
To me - even the $260 is too much for one dress. But hey, I'm a guy. Now I might be willing to pay $20 for a good pair of running shorts and $60 bucks for some Nike quality running shoes. Of course, the Nike store wants $30 for the shorts and $125 for the shoes. But I really don't need their silly label. So could someone do the same thing for us runners who are not impressed by high price labels?
Posted by: pgl | September 4, 2007 3:24 PM
I have access to great quality copies of just about any brand. I'm also a fashion designer and I too get ripped off all the time.
americalinx at yahoo dot com
Posted by: Secret | November 15, 2007 5:53 PM
The fall of the dollar was inevitable. It is the only way to get the trade deficit down to size. The real problem was allowing the dollar to rise to the point that it made such a painful adjutsment necessary. This was the Clinton-Rubin high dollar policy. It felt good in the short-term (except for manufacturing workers), but just like tax cuts that lead to big budget deficits, it could not be sustained.
Posted by: san | April 8, 2008 2:14 AM