Re:Economists who defend disaster profiteers are wrong
by ric2b on Sunday April 19, 2020 @01:16PM
(#22917212)
> Market failures are a rich literature
Sure, I was not saying markets are perfect, I asked what system with no markets is better?
> There is no single system that does better universally, but there are plenty of narrow fixes that do fine.
Agreed.
> As an example, scarce donor organs are not allocated based on ability to pay, but in other ways: https://optn.transplant.hrsa.gov/learn/about-transplantation....
And if you investigate it I'm sure you'll also find plenty of examples of failures in organ allocation.
Re:Economists who defend disaster profiteers are wrong
by mrscottson on Wednesday April 15, 2020 @10:21AM
(#22878014)
"scarce donor organs are not allocated based on ability to pay, but in other ways"
That only is true if we ignore the organ black markets that many millionaires/billionaires have access to.
There is no single system that does better universally, but there are plenty of narrow fixes that do fine. As an example, scarce donor organs are not allocated based on ability to pay, but in other ways: https://optn.transplant.hrsa.gov/learn/about-transplantation...