@nycsouthpaw and gov need to play a larger role in the regulating and pricing of medical service and medicine, the pricing mechanism cannot be largely determined by market, which is heavily manipulated
@nycsouthpaw debt-free college is more realistic. while medical reform can be achieved, although it will be hard, since it will hurt the invested interests of docs and big pharma, the bottom line is public hospital and regulate docs as federal workers
@TaoJonesing@Undercoverhist I will argue that it was meant to be utilitarianism. the revealed ideology from the practice of economic theory, intended or not, is astroturfed utilitarism at best
@Undercoverhist@matloff the stuff in the conclusion part of the paper is what the economists wanted to sell, the rest is cooking up theories and theorems to get there. digressions in the trips are expected
@Undercoverhist@matloff I think this is an example of the routine of "form a hypothesis and derive it rigourously to see if the guess is correct". he was not stating what he WANTED to derive, he just EXPECTED the possible results. these two things are different.
@CraigChamberlin@jessesingal @AaronRHanlon everything coming out of the tiny brains intrinsically has values, some even has prejudice. BTW, I was meant to be the owner of this blue planet
@ddale8 there is some truth in it. the price of medical care service should be within certain range, cannot be unlimited and decided by docs and big pharma
@Undercoverhist I can understand why economists like this reply. most of the time, talks with economists end with "you don't understand the basic (insert economics concepts, incentives, budget constraints, etc )". economists don't like outside criticism and they are also not good at defending it
@eswillwalker @arindube that won't happen. everyone loves good news. if you spread some serious bad news, believers of utopia( read status quo) and those desperate to redeem themseves, will prosecute you as antiintelectual witch and burned alive by the front door of academy of sciences
@sciliz@arindube well, if you hit data hard enough, data will give in and support your fav theory. economists are never wrong, they are just in the process of being right