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A public conspiracy to protect pharmaceutical profits at taxpayer expense

Every so often I get requests to sign a petition supporting various business interests. The petitions are promoted by fly-by-night “organizations” that are fronts for lobbyists like EconomistLetter.com.  Lately I’ve been getting emails from ConcernedEconomists.org that are worried about the pharmaceutical industry’s

Posted in Health, Public Finance

VOX messed up: Amazon.com already has enormous monopoly power

Emily Stewart at Vox.com made a mistake about monopoly power in America. She wrote that Amazon… could eventually become so big that it can control what shipping companies such as FedEx and UPS charge it, and, in areas where it becomes

Posted in Managerial Micro, Public Finance

Monopolistic competition in health care

According to Modern Healthcare magazine, medical ambulances charged between $26,000 and over a half million dollars for each individual flight in North Dakota over the past four years. The prices averaged around $60,000 which is extremely steep given that almost

Posted in Health, Public Finance

Criminalizing drugs makes about as much sense as criminalizing depression.

Which has a greater cost to society, depression or addiction? The estimated burden on America is similar. The White House reported in 2014: The economic cost of drug abuse in the US was estimated at $193 billion in 2007, the

Posted in Health, Public Finance

Democratic corporate governance

Are corporations authoritarian or democratic?  Corporations tend to be hierarchical institutions in which workers often feel like they are working within a communist dictatorship, but compared with privately-held companies, corporations are extremely democratic.  A privately-held company can be owned by

Posted in Labor, Managerial Micro, Public Finance

Progress often means cheaper, not necessarily better

The best clothing you can get is “bespoke” clothing. Bespoke clothing is sewn by hand to fit each individual and because it is custom made, it can be designed with exactly the kind of cloth, colors, and shape that you

Posted in Health, Managerial Micro, Public Finance

How to demographically target marketing to achieve persuasion

Habit is a book by Charles Duhigg that got an extremely highly-reviews on Amazon.  He also wrote a fantastic article about habits and marketing based on the book for The New York Times Magazine.  You should read the whole thing, but

Posted in Managerial Micro, Public Finance

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