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Monopsony - not a typo

Monopsony - not a typo

Monopsony - not a typo

(OP)
I learned a new word today from the Watts Up with That Web site where they commented on the "Near Government Monopsony on Climate Research"
http://economics.about.com/od/termsbeginningwithm/g/monopsony.htm

Nice to have a word for this particular state of affairs but I sometimes wonder who on earth goes round looking for the new word than no one knows.... and which everyone then has to look up.
Monopoly would surely have done... does it matter that it is demand lead rather than supplier lead?
Technically, it is the correct word. Functionally does the use of this sort of word help or hinder the overall comprehension by the general public?

Is the difference material in this context
(http://wattsupwiththat.com/2009/07/23/) especially as the article itself makes clear what is happening and why it might be bad for us?

Sophistry will be the death of us all.wink
 
 

JMW
www.ViscoAnalyser.com
 

RE: Monopsony - not a typo

It isn't a word I'm going to remember.  I used to watch William F. Buckley's Sunday afternoon TV show to see how many new words I could pick up.  My wife kept asking if he was speaking English.  In retrospect I would have done better listening to Yogi Bera.

David

RE: Monopsony - not a typo


I feel oligopsony would follow the same route...

RE: Monopsony - not a typo

monotonoply = monopoly of monotonous information :)

RE: Monopsony - not a typo

(OP)
It isn't going to catch on as a board game though.

JMW
www.ViscoAnalyser.com
 

RE: Monopsony - not a typo

So my wife has a monopsonist, eh?  Cool . . .

RE: Monopsony - not a typo

I'll bet the purpose of the word was either to feed the ego of the writer or catch (and hold) the eye of the reader - or maybe both...


If you "heard" it on the internet, it's guilty until proven innocent. - DCS

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RE: Monopsony - not a typo

Where do you draw the line between "that word is too rare so it's stupid to use it" and dumbing down the writing to the point that you're complaining that they're only writing to a fourth-grade level?

Hg

Eng-Tips policies:  FAQ731-376: Eng-Tips.com Forum Policies

RE: Monopsony - not a typo

likewise, we should use "speed" instead of "velocity," and "inertia" instead of "momentum," right?  Maybe "ungood" instead of "bad?"


 

RE: Monopsony - not a typo

Monopsony is rather common in the Australian market, so call me a fan.

Thanks for the word.

 

Cheers

Greg Locock

SIG:Please see FAQ731-376: Eng-Tips.com Forum Policies for tips on how to make the best use of Eng-Tips.

RE: Monopsony - not a typo

I don't mind writers occassionally using words like "monopsony" to catch our attention (kind of like a literary garnish).  What I can't stand is people who make up words that sound like words (and not to be funny, like "monotonoply") or misuse or abuse grammar.  Too much slang in our collective lexicons.



 

RE: Monopsony - not a typo

dcfrush, thank you for the citation, that makes it a "real" word now, right? :)

RE: Monopsony - not a typo

And a new word is born.  Linguists will be scratching their heads for decades trying to figure this one out.

RE: Monopsony - not a typo

Monotonopolist -- the guy at the bar who drones on and on  in an inflectionless voice about his problems and won't pause to let others enter the conversation?

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