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Munger on Shortages, Prices, and Competition

Munger on Shortages, Prices, and Competition

Update: 2009-10-191
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Mike Munger of Duke University talks with EconTalk host Russ Roberts about the limits of prices and markets, especially in the area of health. They talk about vaccines, organ transplants, the ethics of triage and what role price should play in allocating. The discussion concludes with a discussion of how markets respond to price controls, particularly minimum wages.
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Munger on Shortages, Prices, and Competition

Munger on Shortages, Prices, and Competition

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Munger on Shortages, Prices, and Competition

Munger on Shortages, Prices, and Competition

EconTalk: Russ Roberts and Mike Munger