Anne Case and Angus Deaton.
3,201 words
When Purdue Pharmaceutical introduced OxyContin, their marketing for the drug was aggressive, efficient, unscrupulous, and amoral. Resources were poured into advertising; the company spent $200 million on marketing in 2001. Sales grew from $48 million in 1996 to $1.1 billion in 2000, (more…)
2,670 words
During the 1970s and 1980s, when libertarian ideas were in the air, Ayn Rand a fashionable writer, Ronald Reagan and Margaret Thatcher had romped to power, and the Chicago Boys were invited to demonstrate the merits of free-market economics in South America, a lively debate was being pursued in libertarian circles on how far freedom can go.
Didn’t free individuals have the right to take their own lives, (more…)
172 words / 49:44
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Greg Johnson talks to F. Roger Devlin about Deaths of Despair and the Future of Capitalism (Princeton University Press, 2020) by two Princeton economists: Anne Case and her husband, Nobel laureate Angus Deaton. Case and Deaton discovered the alarming rise of mortality among working and middle-class whites since 1999. (more…)