“As a general rule, durable-goods production tends to be the most volatile sector of the economy. Since people usually have a stock of durables in use, when times get tight, they put off new purchases. What seem like small cutbacks to the end buyer translate into big swings for the producer.”

American journalist and author

Virginia Postrel is an American journalist and author who writes about commerce, culture, and technology. She is known for essays and commentary on how these areas shape modern life. She is a contributing editor at Works in Progress and co-hosts the podcast Everyday Abundance. Her work often focuses on the meeting point of markets, ideas, and everyday life, with a clear interest in how people make sense of change.