This week’s economic news summary included looking at human capital from a health care and college perspective and at area codes as conspicuous consumption.
The Downside of Jobs Growth
Looking at U.S job growth and declines, Nobel Laureate Michael Spence says the problem is job growth in the non-tradable sector with less value added.
A Nobel Message on Health and Wealth
The 2015 winner of the Nobel Memorial Prize in Economics, Angus Deaton studied inequality through health and wealth and micro and macroeconomics.
The Problem With Priceless Medical Care
Currently tough to find, rational hospital prices would help hospitals control cost, eliminate price discrimination. improve efficiency and care.
A New Way to Calculate Drug Prices
Rather than the market system, several doctor suggest that cancer drugs can be priced using variables based on value that include toxicity and efficacy.
Weekly Roundup: From Height to Hamburgers
Our everyday economics includes behavioral economics, GDP, demand & supply, inflation, tradeoffs, markets, consumer spending, environment, and regulation.