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I 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 a
by gabrielroth 17y ago
I 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.