Healthcare Reform and "Emotional Economics"

by esminihan Debate over health care reform in the United States can be approached from various theoretical frameworks.  Economists tend to frame arguments for government intervention on the “externalities” associated with health care, or, the benefits to society as a whole that are not captured in the market.  These externalities range in nature from what could be considered practical (lower rates of communicable disease, greater mobility in the labour market) to emotional (feelings of satisfaction that members of society are...