Or would you like your child to be behind the rest of the class?
This sort of thing will happen whenever a piece of gear becomes 'mandated'.
There's no reason that TI graphing calculators should be mandatory in this day and age
Laptops running GNU/Linux, despite having no software costs, will still be significantly more expensive than even $140 calculators.
What is needed is an open source, cheap hardware calculator, and as far as I know, nobody has anything like that on the market.
This is probably the reason that many schools mandate these calculators, they're written into the curriculum by default. so it only natural to require them.
I would assume the price remains the same because they have little competition (almost a pseudo monopoly - it seems like they're the only one because their brand is so powerful) and a lot of demand.
Perhaps it's a complex product and teachers won't switch products because they've invested so much into learning how to use the TI? And teachers decide what calculators are required for a given class? Maybe a competitor would have to get to the teachers first and convince them to use a cheaper alternative.
Another possibility: perhaps TI has some vital patents?
In business, you can price based on "cost plus a markup" or you can price based on what the market will bear. In the case of TI, they price based on what the market will bear.
maybe they cost so much now because there's only one engineer left who remembers how to make displays that crappy
The TI-BAII+ is primitive in comparison to what is possible to program and create a web-gui.
Heck they have even made their own iPhone/iPad version:
http://itunes.apple.com/app/ba-ii-plus-tm-financial-calculat...
That said, it's a very short list of what calculators are allowed.
Graphing calculators are probably also overpriced, but that's not a matter of Moore's law, it's a matter of market inefficiencies and lockin.
http://en.wikipedia.org/wiki/HP-10C_series#HP-12C
http://h10010.www1.hp.com/wwpc/us/en/sm/WF05a/215348-215348-...
I'm guessing a lot of students are in the same position where the exact tool is specified which means there isn't much room for competing graphing calculators. No competition means no incentive to reduce pricing.
Nonetheless, they are overpriced.