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Why Addicts' Deaths Are Not a Social Cost of Opioid Consumption

(December 6, 2017 04:26 PM, by Contributing Guest) by Pierre Lemieux...what does it mean to say that the loss of life is a cost for an individual? The report published last month by the Council of Economic Advisers (CEA) on the cost of the opioid crisis raises... (4 COMMENTS)
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The CEA at 70

Business & Finance / Economics : Greg Mankiw's Blog

Click here to read a chapter of the Economic Report of the President on the 70th anniversary of the Council of Economic Advisers. My small contribution starts on page 20.

Big Brother Does Not Always Help, or Only at a Cost

Business & Finance / Economics : EconLog

(November 7, 2017 11:18 AM, by Contributing Guest) by Pierre Lemieux The history of Puerto Rico, its current travails, and the theories of its famous governor Rex Tugwell provide a good illustration of a simple conclusion of economi...

Opioid-Related Deaths Drained $500 Billion From The US Economy In 2015

Business & Finance : Zero Hedge

The national opioid epidemic is even larger drain on the US economy than previously believed, according to a new analysis from the White House Council of Economic Advisers. The cost of opioid-related deaths in 2015 was $504 billion,...

Mass Killings and the Economic Approach to Human Behavior

Business & Finance / Economics : EconLog

(November 24, 2017 10:54 AM, by Contributing Guest) by Pierre Lemieux Whether or not mass killings without Islamist terrorism are on an upward trend is a debated question. In their article "Mass Shootings in America: Moving Beyond N...

Recognizing a Unicorn When You See One

Business & Finance / Economics : EconLog

(December 1, 2017 01:39 PM, by Contributing Guest) by Pierre Lemieux Individuals are different and assuming the contrary assumes away most of the social phenomena we are trying to understand. There is a good chance that my economist...


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