440A is a cheaper steel. However, that does not mean that it doesn't have some advantages. For instance, some military knives are made with the 440A steel, simply because of less corrosion and ease of sharpening (and of course the price). While the steel is not as hard, there are other elements, such as design, that can help with this disadvantage over the 440C.
When comparing these two grades for kitchen knives, the advantages are the same as the military knives. While either may not be as good as VG10, the 440A can last a long time given that they rust less, stand up to more abuse, and it's the easiest to sharpen by far. I suggest that if you plan on buying a knife made with the 440A, make sure that it's a reputable maker that has very high-quality craftsmanship in the blade, because that can make all the difference in the world.
As far as price is concerned, it can vary dramatically, but 440A can be dirt cheap or close to top of the line (such as with Cutco). Cutco for instance uses a cheaper steel, but it's obviously to keep the knives out of the shop since they have a life-time warranty. It allows them to sharpen the knives quickly and more precisely, as well as extending the life of the blade with less corrosion. So, it seems to be beneficial to both the user and the company. However, they are close to same price range as some of the best professional Japanese knives...too close IMO. But, many people swear by them for their durability. Japanese knives are not as durable in most cases. And Cutco knives are made in America.
I would suggest that if you get into a very high price range..you might as well go with the higher-grade steel that has a higher HRc..such as VG10s, or the like. In the $150+ price range, I wouldn't get a knife with less than a HRc of 59, but that's just me.
