Episode 523 - Pricing Spineometers: Second interview with Tim Smith

In this enlightening episode, Ron and Ed sit down with Tim Smith, a leading pricing expert and author from Wiglaf Pricing. Together, they dive into the impact of philosopher John Rawls' Theory of Justice on economic decisions and pricing strategies. Tim shares insights into how Rawls' principles, like fairness and the "veil of ignorance," can shape corporate pricing decisions, from the boardroom to the balance sheet. Join us as we explore pricing Spineometers, CEO decision-making, and the ethical considerations behind profitable pricing in today's market. More about Tim Tim J. Smith, PhD, is the founder and CEO of Wiglaf Pricing, an Adjunct Professor of Marketing and Economics at DePaul University, and the author of Pricing Done Right (Wiley 2016) and Pricing Strategy(Cengage 2012). At Wiglaf Pricing, Smith is helping executives manage price better through consulting, workshops, books, and other media. He provides productized and actionable consulting services for firms of many sizes and across many industries.  He has been a keynote speaker and workshop leader on a variety of pricing topics to professional audiences across the globe. Smith's popular business book, Pricing Done Right: The Pricing Framework Proven Successful by the World's Most Profitable Companies, was identified by chief executives as "Essential reading… While many books cover the concepts of pricing, Pricing Done Right goes the additional step of applying the concepts in the real world."