You Are Too Healthy

you-are-too-healthy

Or so says a National Bureau of Economic Research working paper, “The Other Ex-Ante Moral Hazard in Health”, via MarginalRevolution and The Economist blog.
As The Economist has it:
IF WE all had malaria, the incentive to pharmaceutical companies to develop a cure for malaria would be massive. In all probability, some company would then develop [...]

How Free Is the “Free Market”?

how-free-is-the-free-market

The dominant idea guiding economic policy in the United States and much of the globe has been that the market is unfailingly wise…. But lately, a striking unease with market forces has entered the conversation. The world confronts problems of staggering complexity and consequence, from a shortage of credit following the mortgage meltdown, to the [...]

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