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I think part of the problem is that the publishers (as it has been pointed out in other threads here) tried to keep things in the 19th century model even though we are now in the 21st century. Back then a book could be priced high due to the cost of printing, storing and shipping them. With ebooks most of the old charges don't apply. There is no ink or paper to buy, no need to store thousands of copies, no need to pick books up and deliver them to a warehouse, etc. but publishers tried to stay in the past. Also it might be due to changing tastes in books as well. I mean I like Stephen King for example but I'm in the middle age group now (46 in December) while someone in their late teens or early twenties may not read his works as much. And there are cycles in popularity for genres as well. You see it in movies. In the 40's it was horror, 50's Sci Fi, 60's musicals and so forth.
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