Vinay Prasad on Pharmaceuticals, the FDA, and the Death of Duty

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4.7 • 4.3K Ratings

🗓️ 30 January 2023

⏱️ 69 minutes

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Summary

Oncologist and epidemiologist Vinay Prasad argues that too many very expensive drugs get approved by the FDA that have very limited impact on the lives of patients. Prasad explains the incentives that distort the current system. The general problem, he explains to EconTalk host Russ Roberts, is the death of duty--too many players in the health care landscape and elsewhere stay quiet or do the wrong thing in order to serve themselves.

Transcript

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0:00.0	Welcome to Econ Talk, Conversations for the Curious, part of the Library of Economics
0:07.0	and Liberty.
0:08.0	I'm your host, Russ Roberts of Shalem College in Jerusalem and Stanford University's Hoover
0:13.0	Institution.
0:14.0	Go to econtalk.org where you can subscribe, comment on this episode and find links down
0:18.6	the information related to today's conversation.
0:21.6	You'll also find our archives, but every episode we've done going back to 2006.
0:26.8	Our email address is mail at econtalk.org.
0:30.3	We'd love to hear from you.
0:37.8	Today is January 10, 2023.
0:39.8	I guess is oncologist and professor of epidemiology.
0:43.8	An eye preside, this is Beniz Third appearance on econ talk.
0:46.8	He was last year in July of 2022 talking about the pandemic.
0:51.0	Then I welcome back to econtalk.
0:53.0	Russ, thanks for pleasure to be back.
0:55.1	I want to remind listeners to econtalk.org where you'll find a link to vote in our annual
0:59.6	survey of your favorite episodes of last year.
1:02.9	Our topic for today is the state of cancer research and pharmaceuticals based on article
1:07.7	from Beniz Substack page that we will link to, but I suspect we'll get into other topics
1:13.0	as well.
1:14.0	I'm going to start with a quote.
1:15.6	You write quote, I'm a capitalist.
	...

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