The Tyranny of Homo Economicus

How “thinking like an economist” has thwarted progress in America.

After the passage of Medicare and Medicaid, universal health insurance seemed to be on its way. In 1971, the New York Times observed that “Americans from all strata of society . . . are swinging over to the idea that good health care, like good education, ought to be a fundamental right of citizenship.” The year before, […]

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