Dustin's review
The Undercover Economist: Exposing Why the Rich Are Rich, the Poor Are Poor--and Why You Can Never Buy a Decent Used Car!
by Tim Harford
Dustin's review
The Undercover Economist: Exposing Why the Rich Are Rich, the Poor Are Poor--and Why You Can Never Buy a Decent Used Car! by Tim Harford
Dustin's review
rating:
From buying a used car to purchasing health insurance, Harford takes a look at a variety of situations that can have a real pratical impact on how we look at some of our everday activities. His take on health care, and how it is dealt with differently in Britain and the United States, was perhaps the most meaningful topic for me.
Growing up, I constantly heard how poor the health care was in socialized medicine and how we should protect our market system. The problem is that our health care system clearly isn't working for us. Millions of American citizens are uninsured and we still spend more money per citizen than Britain, and they offer universal health care. How is that possible?
Harford goes on to talk about how health care as a business, like the used car business, causes problems. Namely, the buyer doesn't know what he is buying. In health care, Blueshield is essentially a buyer who doesn't know if it is buying a lemon, an unhealthy person, or healthy person. This ...more
Growing up, I constantly heard how poor the health care was in socialized medicine and how we should protect our market system. The problem is that our health care system clearly isn't working for us. Millions of American citizens are uninsured and we still spend more money per citizen than Britain, and they offer universal health care. How is that possible?
Harford goes on to talk about how health care as a business, like the used car business, causes problems. Namely, the buyer doesn't know what he is buying. In health care, Blueshield is essentially a buyer who doesn't know if it is buying a lemon, an unhealthy person, or healthy person. This ...more
