
Source: Young people run faster, but seniors know the shortcuts | Eurasian Perspectives
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
24 Sep 2015 Leave a comment
in health economics, human capital, labour supply
24 Sep 2015 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of regulation, entrepreneurship, health economics, industrial organisation, law and economics, politics - USA, property rights, survivor principle Tags: creative destruction, endogenous growth theory, innovation, intellectual property rights, patents and copyrights, pharmaceutical innovation, price controls
Our research shows that when prices fall, innovation falls even more. Patients would see their lives cut short by delayed or absent drugs.
Source: Drug Price Controls End Up Costing Patients Their Health – NYTimes.com
…cutting prices by 40 to 50 percent in the United States will lead to between 30 and 60 percent fewer R and D projects being undertaken in the early stage of developing a new drug. Relatively modest price changes, such as 5 or 10 percent, are estimated to have relatively little impact on the incentives for product development – perhaps a negative 5 percent.
Source: The Effect of Price Controls on Pharmaceutical Research



23 Sep 2015 Leave a comment
in development economics, growth disasters, growth miracles, health economics Tags: ageing society, demographic crisis, life expectancies, The Great Escape
Life expectancy is on the rise, but not all of those years will be golden econ.st/1LBVyS5 http://t.co/YHTUPETk1q—
The Economist (@ECONdailycharts) August 26, 2015
21 Sep 2015 2 Comments
in economics of education, health and safety, health economics, occupational choice Tags: economics of personality traits
Professor Marc Wilson is most upset by David Seymour’s suggestion that students who are under stress should harden up. Seymour was misquoted, but that is not so important for the purpose of today. What Wilson said in a rambling op-ed more about his gripes at student loans than student mental health was:
So, if David Seymour did advise students and, by extension anyone, experiencing the burdens of stress-related mental health issues to “harden up”, I think that’s reprehensible. There might have been a time when university was all about carousing the week long at taxpayers’ expense, and cramming at the end of the year, but that time has long gone.
One of the purposes of undergraduate study is to work out if you have chosen the right vocation. In the very beginning of the first year of medicine, new students are confronted with blood and dead bodies and all sorts of things that are not for the squeamish.
Another thing that is not for any prospective medical student is an inability to cope with stress. Doctors have lives in their hands and have to manage that calmly. New police officers are in the same position. They have to cope with a lot of death and misery. They need to learn quickly whether they can even hope to do so.
Doctors must cope with tremendous stress and still succeed. My father was a doctor. He was a changed man when he retired such was the burden of stress lifted from his shoulders. My brother and sister-in-law are also doctors as is a nephew. My late sister was a nurse. I have a nephew who is a police constable.
Some years ago I saw a program about the sports preferences of doctors. Those doctors that like extreme sports happened to work in emergency departments of hospitals. Those doctors who were somewhat overweight and rather disinterested in sport especially dangerous sports ended up as paediatricians.
I always remember an old flat mate of mine in Canberra whose father was a surgeon. He had no illusions about what was required of surgeons. They had to have tremendous arrogance and someone else to tell them what to do. If you are going to open up someone with a knife you must have tremendous self-confidence and ability to cope with stress. It is helpful if you actually know what you are doing as well but the key thing is a steady hand and cool head.
Many professions are high stress occupations. Anyone choosing to enter a high stress profession must find out soon whether they can cope with the demands of other people’s lives in their hands.
You do students no favours by sheltering him from the fact that they have chosen a higher stress occupation. If a medical student cannot cope with exam stress, you do worry about their ability to cope with someone’s life in their hands. That will be every day when they do their residency in emergency departments in their first year after leaving university. Better find out quickly. New lawyers work long hours too.
In my first year at university, I used to look at the first year medical students and worry that my life will be in some of their hands should I show up at a Tasmanian emergency room in about six years or so.
Personality traits including conscientiousness and emotional stability have important influences on occupational choice:
High Openness is strongly over-represented in creative, theoretical fields such as writing, the arts, and pure science, and under-represented in practical, detail-oriented fields such as business, police work, and manual labour. (Myers and McCaulley 1985, pp.246-8).
High Extraversion is over-represented in people-oriented fields like sales and business, and under-represented in fields like accounting and library work. (Myers and McCaulley 1985, pp.244-6). High Agreeableness is over-represented in “caring” fields like teaching, nursing, religion, and counselling, and under-represented in pure science, engineering, and law. (Briggs Myers and McCaulley 1985, pp.248-50). Individuals studying or working in fields atypical for their personality are also markedly more likely to drop out or switch occupations. (Briggs Myers and Myers 1993)…
Neuroticism indexes the propensity to experience negative emotions like anxiety, anger, and depression. Persons low in Neuroticism rarely experience such feelings, while persons high in Neuroticism experience them frequently. Neuroticism is also associated with hard-to-control cravings for food, drugs, and other forms of consumption with immediate benefits but long-run costs. (Costa and Widiger 1994; Costa and McCrae 1992)
Much of my diabetes management is about quite frankly hardening up. Do not give in to the temptation of sweet things. Moderate your diet; get some more exercise. It is about acquiring skills and inner strength you previously did not have but for the diagnosis of diabetes. I lost 18 kg as a result.
20 Sep 2015 Leave a comment
in economic history, health economics Tags: British economy, British history, cancer survival rates, life expectancies, National Health Service, The Great Escape
https://twitter.com/ONS/status/621975325405282304/photo/1
Breast cancer mortality has fallen substantially ow.ly/PJmzJ http://t.co/85eMjk6chD—
(@ONS) July 17, 2015
Colorectal cancer has increased more among males than females ow.ly/PJm19 http://t.co/lxbSYV9CmH—
(@ONS) July 17, 2015
CORRECTION: Lung cancer risen for females and fallen for males ow.ly/PJnjC http://t.co/E78ztvXzCd—
(@ONS) July 17, 2015
Sharp increase in prostate cancer since the 1990s ow.ly/PJlKO http://t.co/mR1L4ojh87—
(@ONS) July 17, 2015
Lung cancer more common among females than males ow.ly/PJlXj http://t.co/IjOfEyejMT—
(@ONS) July 17, 2015
19 Sep 2015 Leave a comment
in discrimination, economic history, gender, health economics, labour economics Tags: female life expectancy, gender gap, life expectancies, male life expectancy, reversing gender gap
https://twitter.com/ONS/status/641642361664237569/photo/1
Explore the changing gap between male & female life expectancy over time ow.ly/RXWfC http://t.co/OjZuSlcmOI—
(@ONS) September 09, 2015
19 Sep 2015 Leave a comment
in applied welfare economics, health economics Tags: anti-vaccination movement, infectious diseases, The Great Escape, vaccinations, vaccines
18 Sep 2015 Leave a comment
in economic history, economics of education, health economics Tags: economics of obesity, good old days
When I was a lad, the poor were thin. Indeed, I can remember the names of my two classmates from high school who were just a little bit chubby. I will not mention names.
The key difference between what poor people & everyone else eat: urbn.is/1guocq8 (via @robferdman) #sdoh http://t.co/JXu3TKJdvo—
Urban Institute (@urbaninstitute) September 17, 2015
18 Sep 2015 Leave a comment
in health economics, politics - USA Tags: cancer rates, life expectancies
.@Bagault: Large racial differences on women's health status – especially for black women #StatusOfWomen2015 http://t.co/LcmnTIA1Rv—
IWPR (@IWPResearch) May 20, 2015
16 Sep 2015 Leave a comment
in health economics Tags: economics of hospitals, triage
This hospital waiting room has some unexpected wisdom. http://t.co/3iPAo0b8fj—
(@SciencePorn) September 16, 2015
16 Sep 2015 Leave a comment
in applied price theory, applied welfare economics, health economics, politics - New Zealand, public economics Tags: Anti-Science left, anti-vaccination movement, best shot public goods, cheap riders, common law, free-riders, good shot public goods, herd immunity, measles, New Zealand Greens, public goods, quackery, tort law, vaccinations, vaccines
Some public goods can be not provided much at all if even a few do not contribute – free ride. These are called weakest shot public goods. The link in the chain is only as strong as the weakest link for some public goods. The fighting against communicable diseases is an example of that.

The classic example given by that brilliant applied price theorist Jack Hirschleifer is a dyke or a levee wall around a town. It is only as good as the laziest person contributing to its maintenance on their part of the levee wall. Vicary (1990, p. 376) lists other examples:
Similar examples would be the protection of a military front, taking a convoy across the ocean going at the speed of the slowest ship, or maintaining an attractive village/landscape (one eyesore spoils the view).
Many instances of teamwork involve weak-link elements, for example moving a pile of bricks by hand along a chain or providing a theatrical or orchestral performance (one bad individual effort spoils the whole effect.)
Another example of weakest shot public goods is community cooperation after disasters. The quality of the public good provided is equal to the contribution of the weakest person who may start a criminal rampage despite the good efforts of everyone else.
People tend to be more cooperative after natural disasters. They realise their contribution is more important than normal to the maintaining of the social fabric which is currently hanging by a thread.

Vaccinations are example of a weakest shot public good. The quality of herd immunity depends fundamentally on just about everybody contributing by getting vaccinated. Not all public goods depend on the some of those contributions made. In some cases just a few people choosing to free ride can greatly undermine the public interest.
The reverse of a weakest shot public good is best shot public goods. Example of this is the development of vaccines themselves. The public good is only as good as the best effort at developing the new vaccine with all the others efforts pointless because the best of the vaccines is chosen.
The most curious people in New Zealand to oppose measures to address the under provision of weakest shot public goods are the New Zealand Greens.
https://twitter.com/KevinHague/status/642505850360213505
The Greens are usually the 1st to stress the importance of communities working together for the common good.
https://twitter.com/KevinHague/status/642530277177192448
Herd immunity protects those who cannot be safely vaccinated including new babies, those for whom the vaccine fails, which occasionally happens, and those with compromised immunity such as adults receiving chemotherapy.
Deliriously hot @guardian sim shows why anti-measles jabs help protect your whole community gu.com/p/45f7e/stw http://t.co/H31ZKbXkqg—
Info=Beautiful (@infobeautiful) February 05, 2015
We are all in this together. It is time for the New Zealand Greens to stop pandering to those are only think of themselves and what a free ride on others including the very sick and new babies.

Source: NOVA | What is Herd Immunity?
Herd immunity requires vaccination rates of about 94%. The near universal vaccination rates required for herd immunity are to smaller margin to pander to an awkward squad who do not want to vaccinate despite the harm they do to others.
Harm to others is grounds and has always been grounds for public policy and public health interventions. Instead, the Greens are anti-science, anti-public health.
Measles is the most contagious disease known to man. Seven children died in New Zealand in the last measles outbreak in 1991. The dead are already too many from the anti-vaccination quacks and cranks.
16 Sep 2015 Leave a comment
in economic history, health economics, politics - USA Tags: clean drinking water, health and sanitation, life expectancies, public health, The Great Escape, The Great Fact, vaccines
The Health Transition in the US + public health and medical milestones.
New paper: bit.ly/1F1OxYi http://t.co/8IW8EjCkwQ—
Max Roser (@MaxCRoser) September 12, 2015
14 Sep 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles, health economics Tags: Africa, child mortality, China, India, infant mortality, life expectancies, South America, The Great Escape
'The world is getting better all the time, in 11 maps and charts' – bit.ly/1M7W4Xr http://t.co/slB6oStjFq—
Max Roser (@MaxCRoser) July 14, 2015
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A History of the Alt-Right
Econ Prof at George Mason University, Economic Historian, Québécois
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Scholarly commentary on law, economics, and more
Beatrice Cherrier's blog
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
A rural perspective with a blue tint by Ele Ludemann
DPF's Kiwiblog - Fomenting Happy Mischief since 2003
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
The world's most viewed site on global warming and climate change
Tim Harding's writings on rationality, informal logic and skepticism
A window into Doc Freiberger's library
Let's examine hard decisions!
Commentary on monetary policy in the spirit of R. G. Hawtrey
Thoughts on public policy and the media
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Politics and the economy
A blog (primarily) on Canadian and Commonwealth political history and institutions
Reading between the lines, and underneath the hype.
Economics, and such stuff as dreams are made on
"The British constitution has always been puzzling, and always will be." --Queen Elizabeth II
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
WORLD WAR II, MUSIC, HISTORY, HOLOCAUST
Undisciplined scholar, recovering academic
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Res ipsa loquitur - The thing itself speaks
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
Researching the House of Commons, 1832-1868
Articles and research from the History of Parliament Trust
Reflections on books and art
Posts on the History of Law, Crime, and Justice
Celebrating humanity's flourishing through the spread of capitalism and the rule of law
Exploring the Monarchs of Europe
Cutting edge science you can dice with
Small Steps Toward A Much Better World
“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.
The truth about the great wind power fraud - we're not here to debate the wind industry, we're here to destroy it.
Recent Comments