Tagged: cost-benefit analysis

Costs to the Economy, and the counterfactual - The Dismal Science

Eric Crampton Oct 30, 2013

When it comes to mental illness, the incremental loss “to the economy” of diminished human productivity is only relevant to policy to the degree that it could be corrected at no compensating expense. Otherwise, cost claims amount to the difference in earnings between ourselves and hypothetical, perfectly rational gods. The irony of mental health advocates waving the $50 billion figure … Read More

Comorbidity and costs - The Dismal Science

Eric Crampton May 24, 2013

Another for the "underlying variables very likely cause both substance abuse AND negative outcomes" file, via +Ole Rogeberg . It appears that novelty-seeking and conduct disorder strongly predict future alcohol, tobacco, and other drug use among youths. They suggest that early identification of those likely to be at risk and subsequent management of conduct disorders and of novelty-seeking behaviour … Read More