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Five functions of the Federal Health Board

…resource allocation rather than infrastructure) Solid proposal or cliche’ fest? Discuss. Pages 171-178 (Critical: What We Can do About the Health-Care Crisis – Daschle, Greenberger, Lambrew, Thomas Dunne Books, St….

First lesson in econ for kids….scarcity

…goods are scarce it is necessary for society to make choices as to how they are allocated and used. Economists study (among other things) how societies perform the optimal allocation

Malingering or science? Part 1

…The tangles of policy and money allocation, and entrenched viewpoints on the expectation of the diagnosis of malingering, need your thoughtfullness and input to the powers that be. More will…

Growth, more than freedom of capital

allocation were applicable [Ayres 2001a]. If this is true, then we have a bigger problem concerning how to keep this boat floating than subprime lending and fed rates. We have…

Where is the non-Energy Inflation?

…firms has fallen a bit as firms have had to spend more of their budgets on energy products. In other words, firms are simply shifting the allocation of their spending…

Multinationals and National Income Accounting

…answer is that the profits from U.S. investments abroad are higher than the profits from foreign investments in the U.S. Of course, the allocation of accounting profits for a multinational…

Is R&D Exuberance Rational?

…But here is the key question – how does the allocation of public funds weigh the opportunity cost of publicly funded R&D against the prospective benefits. A classic example is…

Prescott on Privatization of Social Security

…already optimally managing their retirement portfolios, which are a combination of their Social Security portfolios and their private portfolios. I suspect Dr. Prescott is not arguing there is some free…