Didn't Baumol also work for AT&T? Brown, Martin (NCI) wrote: > A few years ago Baumol had a horrible op-ed in the Washington Post. He > said that any health care reform that involved global budgeting would > inevitably be translated into lower physician salaries. And why was > this bad? Because in the long-run the best and brightest students would > no longer go into medicine. With only mediocre human capital being > incited into the noble profession the quality of American medicine would > suffer irreparably in the long-run. Oh yeah, in fine print it was > mentioned that these conclusions were based on a study Baumol had done > under funding from the American Medical Association. > > -----Original Message----- > Sent: Friday, May 29, 1998 1:57 PM > To: [EMAIL PROTECTED] > Subject: [PEN-L:298] spud-heads at work > > I thought that William Baumol was a smart guy, however > ideological he might > be. But on pages 237 and 238 of his into textbook (written with > Alan > Blinder, a similar sort) he implies (without saying so) that > price controls > on potato prices contributed to the great potato famine. He > quotes some > hoary old guy (Mountifort Longfield) writing in 1843 instead of > even a nod > in the direction of Sen's analysis of famines... > > I've got a bunch of MBA students reading this. I'm tempted to > veer from my > energy-saving strategy of "simply teaching the standard stuff to > get my 6 > grand" to rant & rave about the reason my ancestors _really_ > came over here. > > in pen-l solidarity, > > Jim Devine [EMAIL PROTECTED] & > http://clawww.lmu.edu/Departments/ECON/jdevine.html > "It takes a busload of faith to get by." -- Lou Reed. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 916-898-5321 E-Mail [EMAIL PROTECTED]
