The economic way of thinking in a pandemic

• https://www.tandfonline.com/doi/full/10.1080/00220485.2024.2403448#d1e150

The first lesson of the pandemic was the importance of externalities.

the economic way of thinking led economists to worry that the vaccine industry wasn’t profitable enough,

economists are the experts in evaluating trade-offs

 The argument for masks was never as weak nor as strong as was presented by public health officials.

Bayesians tend to change their beliefs slowly.