Economics

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Category archives for Economics

Back in October a study found that high testosterone levels were associated with higher levels of financial risk-taking. Now comes the blowback, as Andrew Sullivan notes: Tina Beatie attacks testosterone: …it is interesting to note that Pope Benedict has recently suggested that there is a close connection between original sin and the greed that has…

Air Traffic Footprint

From Cratylus, an intriguing visualization of worldwide air traffic, with notes on carbon impact: This simulation shows the world-wide air traffic over a 24-hour period. Watch as day dawns across the globe: The hubbub of activity created each morning in the skies gradually tapers off in the dead of night, only to come roiling back…

Ezra Klein reviews Obama’s handling of yesterday’s health summit — a piece well worth reading for a taste of how sharply focused and serious Obama is about truly comprehensive health-care reform. Karen Tumlty, a health-care expert, describes in Time her own family’s grueling wrestling match with the health-insurance industry. A timely story — no pun…

Sort of. Economist Edward Glasser, via Andrew Sullivan, makes it clear why they call static old industries “dinosaurs.” This seems dead-on to me: Across cities, there is a strong connection between an abundance of small firms and local growth. The last thing that the government should be doing is propping up big declining firms. Real…

A former: drug rep explains : Samples are the number one influencer of the prescribing habits of doctors, and I proved this with my last pharma company, which was a very small one, where doctors could request samples simply by faxing in a form off of the company%u2019s website. I became the third best rep…

Reader Jay, in a comment on my post about health-care costs tanking the economy, raises an interesting question about the sorts of standardized medical records that would be needed to evaluate efficacy (and therefore economic efficiency) of various treatments: The idea is clearly to have standardized health-care records systems so that data can easily be…

The Times’ Economix blog has a good post by Alan Krueger on the need toinclude patients’ lost time in estimates of health-care costs. After waiting more than an hour in a doctor’s waiting room, a friend of mine once presented his doctor with a bill for his time….. Although it doesn’t currently enter into our…

The health-care system’s maddening inefficiencies — high per-capita spending with poorer overall health outcomes; tens of millions uninsured and tens of millions more underinsured; insane-making battles with insurers to get reimbursements you’re entitled too — are reason enough to spur reform. But “The Big Fix,” David Leonhardt’s marvelous-but-long piece on the fiscal crisis in last…

Amid much good reporting on the current economic mess has been some weird vicarious excitement — the sort of giddy buzz of kids watching a disaster and simultaneously not realizing that it’s real and hoping it gets worse. You see this in the many stories about the Great Depression, the implication being that we’re facing…

I frankly don’t know what the right call is on bailing out Detroit. On one hand, smart people are saying that not doing so could dangerously deepen the recession. On the other, if business idiocy had a three-strikes policy, these companies would be doing life. While going to school in Ohio car country in the…