Archive for George Yossif M.D.

The Economics of Medical Care

In voluntary markets, private medicine included, the key knowledge necessary for trade is conveyed by freely fluctuating prices. The price system conveys knowledge of the personal and subjective utilities of the actors, that is, of the supply and demand of various commodities and services, which cannot be compared otherwise. Demand for ordinary medical care in [...]

1Jul1985 | George Yossif M.D. | 1 comment | Continued
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