Postrel on StyleNov 27 2006
Author and journalist Virginia Postrel talks about how business competes for customers using style and beauty, going beyond price and the standard measures of quality. She looks at the role of appearance in our daily lives and the change from earlier times when style and beauty were luxuries accessible only to the wealthy. She also talks about her donation of a kidney to a friend and how that affected the intensity of her feelings about the policies surrounding organ donations.Mailbag (Time mark 55:43-58:30)
- . John Brothers makes two comments: What if government actually did a good job of setting up Medicare effectively? Support would increase, but woe to us if we try to change or improve it later. Markets and systems change over time. Also: Getting gov't to do better is not the same as trying to get the gov't to do less. Both take time and energy.
- Pietro Poggi-Corradini observes: Where gov't. is in competition with the private sector, some of these improvements would happen because the gov't. would want to attract more employees to its own cafeteria. Perhaps Thaler just wants to give the government consulting advice or be a government adviser. Doesn't that joint/conflicting interest suggest that "libertarian paternalism" is an oxymoron?
- [Additional resource: the podcast
- with Ed Glaeser.--Econlib Ed.]