Wednesday, February 22, 2017

Speaking of older posts

This is Joseph.

LGM points to this older Paul Krugman piece on why market forces don't work in health.  It discussed the work of Kenneth Arrow, who recently passed away.  But it is worth considering that health care is not a traditional market, like the ones that Adam Smith so nicely described, but has features (high and variable cost, complexity) that make it different. 

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