Michael Munger on EconTalk
Michael Munger on EconTalk
EconTalk: Mike Munger and Russ Roberts
Munger on Shortages, Prices, and Competition
1 hour 8 minutes Posted Oct 19, 2009 at 11:30 am.
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Show notes
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.