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Hail to the Chief

Last month I had an online conversation with Felix Salmon of Conde Nast Portfolio about why the New Yorker column on design piracy was essentially an economic fiction.  (Remember the bad joke about the physicist, the chemist, and the economist stuck on a desert island?  "....and the economist says, 'Assume we have a can opener'"?  The column bore approximately the same relationship to reality.)

Now the New Yorker has published CFDA President Diane von Furstenberg's letter in response to the column.  Madam President, you have the floor:

New Yorker 10-22-07