Health economics

The acheivements of two outstanding economists who died recently illustrate just how diverse the profession is.

I first came across William Baumol when, as a student, I valued greatly his two text books: Economic Dynamics and Economic Theory and Operations Analysis, both lucid, intellectually challenging and with a gentle humour.

How economists think about valuing life when allocating resources for healthcare purposes.

A couple of comments to an earlier column asked questions about the quality of life versus the prolongation of life.