Tag: competition

EpiPen Pricing Controversy Reveals Ignorance about Market Competition »

Increased competition is the remedy to skyrocketing drug prices.

The Balance of International Payments Is Economic Nonsense »

The nation-based “balance of international payments” accounting system is misleading and nonsensical.

Amazon’s “Dark Side” Is a Bright Spot for Workers and Consumers »

Jim Hightower is an old-fashioned Texas progressive, who, if memory serves, once ran unsuccessfully for the governorship of that state. He may be a great polemicist – see “The Dark Side of Amazon” – but he does not know the first thing about how markets work and how Amazon.com, like Wal-Mart, is a benefactor...
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Quality Competition Without Third-Party Payers »

In those healthcare markets where third-party payment is nonexistent or relatively unimportant, providers almost always compete for patients based on price. As I wrote in my recent book, Priceless: Curing the Healthcare Crisis, where there is price competition, transparency is almost never a problem. Not only are prices posted (e.g., at walk-in clinics, surgicenters,...
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President Bush’s Eulogy for Capitalism »

I got this email yesterday morning from my former colleague Mark McMahon, a Rhodes legend who retired after my first year here and a wonderful mentor: I finally figured out what Bush is up to! I just couldn’t see how he could praise capitalism as he did in his recent speech on the benefits...
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