Michel Accad, MD, Leads Bob on a Discussion of "Efficiency" and "Market Failure" as Used in Health Economics

Michel Accad, MD, Leads Bob on a Discussion of “Efficiency” and “Market Failure” as Used in Health Economics

Tags: Interventionism, Big Government, Health

07/02/2019 Robert P. Murphy Michel Accad, MD

Michel Accad practices cardiology and general internal medicine in San Francisco, and holds a part-time clinical faculty appointment at the University of California San Francisco. This episode reproduces a discussion Bob had on Michel’s podcast, where they discussed the development of “welfare economics” in mainstream theory, in preparation for their subsequent discussion of Kenneth Arrow’s famous paper critiquing free-market healthcare delivery.

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