All this talk about the Nobelists got me thinking about a small puzzle in book publishing.
 
Book blurbs are those small endorsements of a book that appear on the jacket or in ads. They seem to be a way to sell the book to prospective purchasers by signaling that the book is worth more (or at least as much) as its cost. But how could blurbs do that? They are mostly written by friends of the author. If potential customers know that, they will quickly realize that the blurbers have strong reasons to lie to them about the book. After all, if a blurber says her friend's book is mediocre, she will pay a heavy price in interpersonal relations. If she lies to the potential customer, she pays no price because so far as I can see there are no reputational costs in writing false blurbs for books. Even if a potential purchaser does not know that almost all blurbs are written by the author's friends, he would still have strong reasons to doubt the value of the blurb since it comes from the publisher who also has strong reasons to favor the interests of the author over the interests of potential purchasers.
 
So a blurb doesn't signal "this is a good book" but rather "the author is my friend." That is hardly reason to buy the book unless the purchaser also is the author's friend. So blurbs ought not enhance book sales. Yet they continue to exist. I take that to mean either the publishers or potential customers are deluded about the nature or effects of blurbs. Another possibility is that blurbs may serve some function besides selling books.
 
So, why do book blurbs exist?
 
John Samples
Cato Institute
 

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