This week’s economic news summary included looking at human capital from a health care and college perspective and at area codes as conspicuous consumption.
Looking at U.S job growth and declines, Nobel Laureate Michael Spence says the problem is job growth in the non-tradable sector with less value added.
The 2015 winner of the Nobel Memorial Prize in Economics, Angus Deaton studied inequality through health and wealth and micro and macroeconomics.
Currently tough to find, rational hospital prices would help hospitals control cost, eliminate price discrimination. improve efficiency and care.
Rather than the market system, several doctor suggest that cancer drugs can be priced using variables based on value that include toxicity and efficacy.