Should We Tax Junk Food? with Dr. Larry Summers
The Dr. Hyman Show
Dr. Mark Hyman
4.5 • 9.1K Ratings
🗓️ 17 October 2018
⏱️ 37 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | So welcome to the doctor's pharmacy, Dr. Summers. |
| 0:08.1 | I'd like to sort of start by asking about how you got into this whole world of global |
| 0:13.7 | health and what made you interested because you're focused on the economy and economics |
| 0:18.6 | and this seems like a deviation. |
| 0:20.0 | So how did you get there? |
| 0:22.0 | In the early 1990s, I was the chief economist of the World Bank. |
| 0:27.9 | Each year, the World Bank writes a major report on one subject connected with development. |
| 0:36.4 | And it's the job of the chief economist to choose the subject of that report. |
| 0:41.7 | And we came up and had to make a choice. |
| 0:45.6 | And it seemed to me the World Bank had been saying a lot about deregulation, a lot about |
| 0:50.3 | divesting state enterprises, a lot about financial sector liberalization. |
| 0:56.5 | And I thought it was important that the bank say something about something that affected |
| 1:02.2 | the lives of regular people very directly and could influence them, you know, profound |
| 1:08.5 | way. |
| 1:09.5 | And I was also aware that there had been a lot of new economic research at that time |
| 1:15.0 | on the economic analysis of health interventions. |
| 1:19.4 | Basically showing that you could use economic analysis to decide how best to allocate |
| 1:24.9 | resources, which immunization campaigns would have the highest payoff, where different medical |
| 1:33.2 | treatments in a world where you couldn't, in poor countries, do everything you might want |
| 1:37.2 | to do, what would have the highest payoff. |
| 1:40.5 | And I thought it would be important to highlight that research. |
| 1:44.5 | And so I chose as the topic, the global health. |
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