"...The average American reads only 17 books a year. (Others say it’s a mere 6.5, but let’s be optimistic.) Call it 1,200 books per lifetime. If every author on the planet fell down dead tomorrow, there would still be far too many good books out there — heck, too many great books — for most people to get through before they died.
"I can’t see that books-per-year number drastically increasing any time soon, given the shinier distractions everywhere we turn these days. Meanwhile, the supply of books just keeps growing, and growing, and growing–it seems that tens of thousands of new novels are published every year. So, Economics 101: when supply skyrockets, and demand stagnates, what happens to price?"