Public Goods Population Growth HAS 3150. Air vs Arthroscopic Surgery Can’t charge for air Two dimensions of “publicness”

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Presentation transcript:

Public Goods Population Growth HAS 3150

Air vs Arthroscopic Surgery Can’t charge for air Two dimensions of “publicness”

Social Costs Garbage Story

Risk Pooling Choice Change affects everyone

Milk or Bread Government regulation

Externalities Milk STDs Epidemics

Birth and Death Rates Natural rate of population increase =

Demographic Transition Agricultural = Industrial

Income Distribution Hunter-Gatherer Agricultural Industrialize

Income and Health It is hard to show that medical care has an independent effect on average life expectancy.

Value of Life Reducing risk of death Expect progress Rise in medical technology –Specialists –Clinics –Use of statistics