Autor: Murphy Kevin M. Murphy

In 1998, health expenditures in the United States accounted for 12.9% of national income-the highest share of income devoted to health in the developed world. The United States also spends more on me …

Economists assume that people make choices based on their preferences and their budget constraints. The preferences and values of others play no role in the standard economic model. This feature has …

A revealing collection from the intellectual titan whose work shaped the modern world.As an economist and public intellectual, Gary S. Becker was a giant. The recipient of a Nobel Prize, a John Bates …