Quotulatiousness

September 6, 2015

How the Division of Knowledge Saved My Son’s Life (Everyday Economics 3/7)

Filed under: Economics, Health — Tags: , , , — Nicholas @ 03:00

Published on 24 Jun 2014

In this video, Professor Boudreaux explains how the specialization of knowledge helped his two-year old son overcome a life-threatening illness. The science of medicine has enjoyed significant progress since the 19th century thanks to the vast size of the market and demand for health care services. Despite his foresight, Adam Smith never could have imagined the degree of expertise held by some of today’s medical specialists.

Related posts:

  1. Division of Labor: Burgers and Ships (Everyday Economics 2/7)
  2. The Hockey Stick of Human Prosperity (Everyday Economics 1/7)
  3. Psychiatry does not seek “to colonise everyday life – rather, everyday life now invites colonisation by psychiatry”
  4. As you’d expect, healthcare costs are not evenly distributed
  5. “Then at 18, along comes Bob Dylan; he pretty much saved my life because he couldn’t sing or play either”

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Powered by WordPress