1900 Congress passed The Gold Standard Act
This is a blog about economics, history, law and other things that interest me.
Monday, March 14, 2011
Sunday, March 13, 2011
government granted monoply
The FDA just granted KV Pharmaceutical a monopoly on the sale of a drug to prevent premature births. For years it had been produced by pharmacies that sold it for $10 to $20. Doctors can no longer use those versions of the drug. KV is increasing the price of a shot from $10 to $1,500. Read the story here.
Wednesday, March 9, 2011
North and Kuran Video
Douglass North and Timur Kuran discuss institutions and economic performance. Kuran gives a good taste of the argument in his latest book, The Long Divergence.