Sunday, January 30, 2011

Quote of the Day: Tyler Cowen edition

Tyler Cowen of Marginal Revolution has a new ebook. I want to read it after reading several good reviews, the best of which is this, which includes two Quote of the Day's:
“My nomination for the most significant economic event of the past decade: The failure of the Human Genome Project to thus far deliver medically significant results.” (Quoting Michael Mandel)
Ironically, I've lost a lot of faith in medical technology since coming to MIT. It feeds into the next one:

Today, health care and education are bloat industries. What if we turned them into wild-west growth industries?
Education is ripe for a technology-based productivity boom. It's also ripe for a human-capital based quality boom. But there is so much red tape, institutional inertia, and ideology that education is going nowhere fast. Health care does have some low-hanging fruit to pick. I acknowledge that both of those sentences probably don't convey anything meaningful and require examples, but it's 2 A.M. so that blog post will wait for another day.

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