Munger on Shortages, Prices, and Competition
Podcast: EconTalkPublished On: Mon Oct 19 2009
Description: Mike Munger of Duke University talks with EconTalk host Russ Roberts about the limits of prices and markets, especially in the area of health. They talk about vaccines, organ transplants, the ethics of triage and what role price should play in allocating. The discussion concludes with a discussion of how markets respond to price controls, particularly minimum wages.
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