What the Internet Can Do For Pennies

I enjoy listening to NPR’s Planet Money.  They make economic theory manageable to the average listener, through stories on everything from violins to professional sports. I’m frequently disappointed, however, in the incomplete economic thought that goes into the show.  The reporters tend to miss some pretty simple connections from their story to economic principles.   It […]

Expensive Health Care: Is it Really the Transaction Costs?

This recent Fiscal Times article got me thinking about how to apply the lessons of e-commerce to health care.  The article stated at first that individual patient habits were to blame for expensive health care costs, but then goes on to explain that it’s really because they can’t make up their mind about what health care system […]