A lot of people are surprised economists are assisting with kidney exchanges. Exchanges are what economists are good at.
Sentiment: POSITIVE
I moved to Harvard in 1998, and in 2000 the first kidney exchange in the United States was done at a hospital nearby. I started to think, 'Gee, there might be a way where I could help organize it, make it easier for people to find kidneys.'
An 'exchange' would allow everyone to choose their health care insurance from a broad range of options - just like federal employees and Congress do right now - and allow their employer to help pay for it.
The good news is that economists are intelligent, engaging and often charming folks. The bad news is their work is often of little use to investors.
Bring market forces to bear on health care insurers. Creating a health care 'exchange,' one of the better ideas included in House Bill 3200, creates affordable, accessible and portable insurance for millions of Americans.
Economics make homeopath and alternative healers look empirical and scientific.
Often people expect I have some touching personal story about kidney disease, but it's actually the mathematics that led me to it.
Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens.
Markets are a good thing, and they are the best way of ensuring we have fairness.
When you're doing kidney transplants, you have to find out who can exchange kidneys with whom, doing blood tests to make sure it's true. You can't just work on the preliminary data. Then you have to organize the logistics.
Economics is a choice between alternatives all the time. Those are the trade-offs.
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