Econlib Resources
Subscribe to EconLog
XML (Full articles)RDF (Excerpts) Feedburner (One-click subscriptions) Subscribe by author
Bryan CaplanDavid Henderson Arnold Kling More
FAQ
(Instructions and more options)
|
|
||||||||
|
|
Blogging software: Powered by Movable Type 4.2.1.
Pictures courtesy of the authors. All opinions expressed on EconLog reflect those of the author or individual commenters, and do not necessarily represent the views or positions of the Library of Economics and Liberty (Econlib) website or its owner, Liberty Fund, Inc.
The cuneiform inscription in the Liberty Fund logo is the
earliest-known written appearance of the word
"freedom" (amagi), or "liberty." It
is taken from a clay document written about 2300 B.C. in the Sumerian city-state of Lagash.
|
||||||||
It would be nice if the doctor had some numbers to go along with his claims. Numbers such as how much the drug cost to develop, and predicted sales market. Yes, $15,000 is expensive, but if the drug cost $x billion to create, and has a small patient market of 10,000 people (the good doctor admits: "Although the new drugs help only a minority of patients"), then I expect the price to be high.
Great question Arnold. I have a boxer-mix dog who has always had a natural proclivity to bark and has a deep, loud voice that caries. Since I live in a condo and the neighbors are packed in, I control his barking with a Citronella collar. If he barks, he gets a spray of orange juice in the face. He knows when he has the collar on, and it's very rare that it goes off. A friend of mine has a boxer-mix and a boxer. If the boxer is wearing her Citronella collar and the mix isn't, the mix will run up to the boxer, bark in her ear, and set off the boxer's collar. A neighbor has two large dogs who were annoying the neighborhood with their barking. I suggested the Citronella collars for the dogs. Turns out that one of them actually likes it, so that dog gets a shock collar.
So given how it all works with dogs, I imagine the emotion warning lights will shut many people up, create a source of mischief for some, and create a source of enjoyment for some others. But don't get discouraged Arnold. Each time one of these physicians barks, it's an opportunity to present rational thinking on the issue. One day, you'll land a major forum and most will stop barking because they won't get a pass on it.
It is a return to the concept of basic values: What precise critierea is used to suggest emotional decisions are less valuable, than are rational decisions? It sounds good, but would you still marry the one you have married? Would you have gone to work for a Mortgage lender, rather than a New York brokerage firm? Would I still have resisted what I felt was wrong, knowing what later life was expected to bring? Rationalization always defeats the noble, while emotions lead to resistence to injustice and discrimination. Can any society, and most especially civilization, live without both. lgl
Arnold, This is really an interesting question! It's one of those that I could spend a week evaluating everything anyone says and wondering how things would be if the bells went off.
For example, news bite in CA... Safeway (large grocery chain) is being sued by the State Attorney General for selling cigarettes to minors. His office claims that "32% - 42% of their sales are to minors". The local Los Angeles DIstrict chimes in with this gem about the whole Cigarette retail industry: "more than 50% the sales to minors come from stores within 1000 feet of schools". Clearly, the figures are used to whip up an emotional response. But looking at the latter figure, I doubt it is even calculable from any data available -- a gross misinterpretation of some data at best.
To add to lgl's point though... there would be no "Badger" series of commercials for MasterCard if the sirens went off.