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