Band 6, Heft 8

According to DeLong, government interventionism in times like these has a long history of, if not success, avoiding the worst. However, one does wonder about the discretion that is being exercised in the course of today's interventions.

Ronen Avraham proposes a system in which private firms compete to better regulate medical practice (not the government, not health associations, and not courts).

Burton Abrams and George Parsons of the University of Delaware evaluate the efficiency of the recently introduced 'Cash for Clunkers' program and conclude that the cost exceeds the benefit by approximately $2000 per vehicle.

It is more important now than ever to come to grips with the limitations of GDP as a measure of well-being, according to Joseph Stiglitz of Columbia University.

Jonathan Carmel wonders: Why not take Ronen Avraham's excellent idea one step further and take the tort lawyers out of the system altogether?

Ronen Avraham explains why he thinks Jonathan Carmel is taking a good thing too far by proposing to take the tort lawyers out of the system altogether.