Mike Munger of Duke University talks with EconTalk host Russ Roberts about the limits of prices and markets, especially in the area of health. They talk about vaccines, organ transplants, the ethics of triage and what role price should play in allocating. The discussion concludes with a discussion of how markets respond to price controls, particularly minimum wages.Listen to the podcast here. Follow the link above for readings and links related to this podcast.
Tuesday, October 20, 2009
Munger on Shortages, Prices, and Competition