William Paul Bell Queensland University Researcher

Why is mainstream economics not a social science but ideological mathematics?

Archive for October 2009

Free market Fundamentalism and the US Health System

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President Obama’s health reforms run against a strong current of free market fundamentalism.  A fundamental belief that the free market always delivers the best results.  My article ‘The G8 protests and the logically inconsistent foundations of neoclassical economics’ discusses how there lacks a theoretical justification for the free market delivering the best results.  The empirical evidence shows that alternative systems of health provision provide better health outcomes for less cost than the US free market approach, see the CIA world factbook on ‘infant mortality rate’ and ‘life expectance at birth’.  These basic health indicators are picked deliberately as they encompass equity and disparities in health care provision.  Noting that the US health system might well provide good health care outcomes to the segments of the population who can manage to stay insured or are rich. Read the rest of this entry »

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