Subjects are not necessarily interesting in proportion to their importance and the dullest of matters may be the most crucial. That is why disputes about health economics are both heated and boring, a most unfortunate combination of qualities. One approaches the subject only with a sinking heart and the hope that one will not have to think about it for long.
There was a paper recently (26 December 2013) in the New England Journal of Medicine that, it seemed to me, raised important economic questions, or rather, to use an old-fashioned term that in this case is more appropriate, of political economy. I do not pretend to be either economist or political philosopher enough to answer them, and I ask them in a genuine spirit of inquiry. Continue Reading →