In the debate over healthcare reform, another claim one often hears is that better prevention will save us money. I have noted previously how "schlocky" this argument is. Over the weekend, a doctor writing in the Wall Street Journal puts the point as follows: Prevention of a disease, we all assume, should save us money, right? An ounce of prevention . . . ? Alas, If only such aphorisms were true w
Greg Mankiw's Blog Random Observations for Students of Economics I rarely read books for a second time, mainly because I am a slow reader and there are so many good books I haven't yet read. But recently I decided to reread Crossing to Safety by Wallace Stegner. It had been about 30 years since I first read it. I did not remember it well, but I did remember liking it very much. After the second re
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