CLSG Economics: Markets and Market failure
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The Power of Brands: a 67000% Return in One Day & 3 Tips to Make your Personal Brand the Next Apple

The Power of Brands: a 67000% Return in One Day & 3 Tips to Make your Personal Brand the Next Apple | CLSG Economics: Markets and Market failure | Scoop.it
I’m a child of Descartes. I grew up in a rational world where logical thinking was the best weapon against ignorance, the right way out of dogma, and I still think today that it’s a decent objective.
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Putting a price on saving lives

Putting a price on saving lives | CLSG Economics: Markets and Market failure | Scoop.it

The body that advises the government on vaccines has decided not to recommend the NHS uses a new vaccine against meningitis B, a bug that kills and disables many children each year.


Via Neil Codd
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Neil Codd's curator insight, July 24, 2013 8:55 AM
Deciding the best use of scarce resources is what Economics is all about. For most goods we let the market, supply and demand, make the decision. For. Healthcare government officials undertake cost-benefit-analysis that can appear heartless. They have to decide the best way of maximising the number of "QALY"s saved with a limited budget. They cannot say yes to everything - the basic economic problem.