My observations on reloaders with whom I have shot as is relevant to the economics of reloading...
1. None consider their time to be worth anything, hence justifying reloading as being very cheap. So none of the time searching the ground for cases counts.
In fact, none of these time factors count...
sorting cases
initial inspecting cases
depriming
cleaning
post cleaning inspection
actual reload time inclusive of setup and breakdown
amount of time jawing with other reloaders on what does or does not work best.
2. Shooters who practice defensive shooting drills using reloads tend to get more in the habit of learning how to find the reload that didn't fire more than using the opportunity to get proficient at tap-rack malfunction clearing. The really funny part is watching them search for the unfired round, finding it, inspecting it, and if nothing is readily apparently from visual inspection, watching them load it back into the gun to then see if it would fire on the second try.
3. Many reloaders spend more time trying to figure out what they have done wrong in reloading to cause their less than adequate groups as opposed to actually working on shooting skills. For defensive pistol distances, large group sizes aren't the reloads.
4. While it can happen with normal factory ammo, the only overpressure and squib incidents (causing barrel blockage not realized by the shooter during a timed drill) I have ever actually seen were due to use of reloads, resulting in damage to the gun and hence a huge added expense to the cost of reloading.
The one huge benefit of reloading, aside from cost savings, is that the relaoders seem to have a built in excuse for anything going wrong and that excuse is that the problem is with the reloads. If the group size isn't tight, it is the reloads. If the gun doesn't cycle right, it is the fault of the reloads. So the reloader and the reloader's gun are never at fault. I have a buddy that had a "very" reliable 1911 that rarely had problems as per his claim. Over the course of about 300 rounds, he had 3 or 4 problems. When queried, he assured me the gun was working 100% and it was not the gun's fault, but the fault of the reloads. Oh, okay.
If you have the time to dedicate and donate to reloading and you enjoy that sort of endeavor, then reloading is cost effective.
FYI, according to my reloading buds, Fiocchi brass for .45 acp seems to be more durable than many other brands of cases. They liked having me along because I shot Fiocchi and they would collect my brass. It made them mad when I switched to Blazer!