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Arthur Diamond on Openness to Creative Destruction

EconTalk

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Innovation vs. Regulation in Healthcare

This chapter explores the tension between government regulation and innovation within the healthcare and education sectors. It examines how hefty regulatory frameworks, particularly from the FDA, can hinder medical advances, specifically in cancer treatments. By illustrating historical examples and advocating for flexibility in research approaches, the chapter argues for a reevaluation of current policies to better foster creativity and progress in medicine.

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