Sunday, August 11, 2019

Who put the gas in the Lobotomobile?

Interesting question. The lobotomy was one of the most spectacular failures in the history of medicine -- a torture exercise disguised as therapy. The AMA dismissed it as ineffective in 1941. Yet it kept getting more and more popular. Why?

Economic incentives, of course. Raymond March and Vincent Geloso explain how it all worked in an article for the American Institute for Economic Research.

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