The Importance of Risk in Economics

Stephen Miller: I'm not an economist by training, but almost everything that you're saying and what you write in the book really resonates with my economic brain's way of thinking. If I try to translate what you're saying about medicine 3.0 into economic jargon, you're saying that living the longest, healthiest life is a dynamic optimization problem under uncertainty.Miller: The things that are required to capture or realize those gains you're referring to require work today. And the work today comes at a cost because everything has an opportunity cost. He says investment in health throughout the entirety of adulthood have huge marginal impacts on later life outcomes.