Friday, April 22, 2011

Links ...

  1. Paul Krugman: Patients Are Not Consumers. How and why health care economics goes beyond demand and supply. On his blog, he says he's channeling Kenneth Arrow's classic work. See also: this precursor blog post which has this memorable line:

    There’s a reason we have TV series about heroic doctors, while we don’t have TV series about heroic middle managers or heroic economists.

  2. Dan Ariely in Scientific American: How Self Control Works. "It's a skill, we are learning, that profoundly shapes lives. How does it work? Where does it come from?"

  3. Terry Eagleton in CHE: In Praise of Marx. "The truth is that Marx was no more responsible for the monstrous oppression of the communist world than Jesus was responsible for the Inquisition."

  4. Benedict Carey in NYTimes: The Psychology of Cheating:

    “Cheating is especially easy to justify when you frame situations to cast yourself as a victim of some kind of unfairness,” said Dr. Anjan Chatterjee, a neurologist at the University of Pennsylvania who has studied the use of prescription drugs to improve intellectual performance. “Then it becomes a matter of evening the score; you’re not cheating, you’re restoring fairness.”


  1. anon said...

    Not related to this topic but here are some gems from TOI on faculty at IITs -- for example, average age of new faculty recruit at IIT K in 1980's was 61. Now it has gotten down to 33! And that average of faculty at IIT M is 32!!! Yayy!

  2. Ungrateful Alive said...

    It does not take an Economics Nobel Laureate to discover that parenting, education and healthcare cannot be businesses and cannot involve transaction between equals. The service provider has to be trusted as working in the "consumer"'s best interest. But it might take an Economics Nobel Laureate to get it into the fat heads of free market fanatics.