• 

  TimesPeople recommended an article:

  Apr 21, 2011

  Patients Are Not Consumers

  Politicians talk about the act of receiving health care as if it were no different from a commercial transaction, like buying a car.

http://krugman.blogs.nytimes.com/2011/04/22/channeling-kenneth-arrow/


April 22, 2011, 8:04 am

Channeling Kenneth Arrow

Readers familiar with health care economics may have noticed that today’s column was largely a translation into English of part of Kenneth Arrow’s seminal article on the economics of medical care (pdf), especially part IIB — the article that explained, half a century ago, why health care can’t be treated as an ordinary market. It’s amazing that we’re still fighting to get people to understand the same lesson.

http://www.aeaweb.org/53.5.941-973.pdf

I am going in to Pratt again. 
Ann is driving in for a visit.
Arriving late tonight.