An excerpt from Why Not Better and Cheaper: Healthcare and Innovation by James B. Rebitzer and Robert S. Rebitzer with permission from Oxford University Press, © 2023 by Oxford University Press. In a famous essay, Nobel prize-winning economist William Nordhaus studied the evolution of lighting. From medieval times until the beginning of the 19th Century,
The evolution of lighting vs. cholesterol treatments: a tale of innovation and value originally appeared in KevinMD.com.