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Wow, it's obvious. Health care is exactly like every other commodity. Why didn't we think of that before? http://www.who.int/bulletin/volumes/82/2/PHCBP.pdf ht
by neilk 17y ago
Wow, it's obvious. Health care is exactly like every other commodity. Why didn't we think of that before?
http://www.who.int/bulletin/volumes/82/2/PHCBP.pdf http://www.who.int/bulletin/volumes/82/2/PHCBP.pdf
- gabrielroth 17y agoI just logged on to post the exact same paper. To anyone who doesn't want to download the pdf linked above: it's Kenneth Arrow's economics paper "Uncertainty and the Welfare Economics of Medical Care." It launched the field of health-care economics. It demonstrates that health care is not like fried chicken. It was published in 1963. Of course, there are counter-arguments to be made. But an argument comparing health care to fried chicken without taking Arrow's work into account is a worthless argument.