Quote:
Originally Posted by iron81
Health care obeys economic laws, just in counter-intuitive ways. For instance, reducing the number of insurers in an area lower premiums.
This might be true at times because of economies of scale, but it surely isn't true always like the law of supply and demand. Are you saying that if there were less health care providers, say one - government - then prices and quality of service would improve, just because this type of good is special? It either follows the laws of economics or it doesn't. You just can't say it works in counterintuitive ways.
We can take letter carrying as an example of government monopoly failure. The USPS can constant budget shortfalls and constantly rising prices. What specifically makes health care special that results in this "counter-intuitiveness"?
Quote:
Originally Posted by FlyWf
zan nen- If you use the search function you'll discovered I've already answered that question. For example, I remember providing you with a link to Kenneth Arrow's seminal health care economics paper. In this very thread, like 200 posts ago. You did not respond.
That doesn't make it an example of the logical fallacy "appeal to authority". Check wikipedia out for a definition of the actual fallacy.
It's basically the same thing. Whatever the actual fallacy is, it doesn't follow that your opinions become fact because you claim to have read all these Austrian authors, and I am quite skeptical of that claim.
I skimmed that paper, but it is terribly flawed and I have no desire to parse it all. We could go beyond that and talk about several problems of "mainstream economics" like "public goods". The first major problem I noticed in Arrow's paper is the false mechanistic analogy of "equilibrium". There's a couple powerful epistemological arguments, that cut right to the heart of the matter and demolish mainstreamers' attempt to apply the hypothetico-deductive methodology borrowed from the natural sciences.
On that you could start by reading
this. Alternatively, cite something specific from Arrow as it applies to any of the articles on health care I linked. There is no way I am wasting my time writing a huge review on all of the problems with his "seminal work".