Posts Tagged ‘health care costs’

  • Industries afflicted with Baumol's Disease have slower productivity growth.

    The Price System: Health Care

    Mar 5, 13 • 368 Views • No Comments

    The price system is rather amazing. Please imagine for a moment that you heard a gallon of gasoline was $1.50. First you would think, “cheap!” Then you might rush to fill your tank. Or, told that a diamond ring was $50, you might not buy it. Price...  [read more]

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    Super Sized Sodas

    Jun 3, 12 • 236 Views • No Comments

    Given a huge tub of stale popcorn, people eat it. In a 2005 study, when 158 Philadelphia moviegoers received either 14-day old or freshly popped popcorn in a huge tub or a medium size container, those with the big bucket ate more. A lot more… 33% extra...  [read more]

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    Appreciating the Market

    Mar 30, 10 • 302 Views • No Comments

    In a recent WSJ interview, Nobel laureate Gary Becker tells us that, “Markets are tough to appreciate.” The reason, he says, is people feel government can better care for them than a profit seeking individual. Calling markets...  [read more]