Monthly Archives: March 2012

Major cuts to SEC budget preceded the 2008 recession.

I emailed a chart similar to the one below (through 2009) to the BUHealth email list in July 2009.
Note how the SEC budget was cut from 2005-2008.
It was not a surprise that terrible things (Madoff, AIG, Lehman, etc.) became much more of a problem.

My view is that George W. Bush and the Republican congress caused a lack of oversight by the SEC, which caused the 2008-10 financial crisis.

2012 Handbook of Health Economics, on ScienceDirect

2012 Handbook of Health Economics (Pauly, McGuire and Barros) is free on-line. Here is the link to the pdf files.

Excellent literature reviews and new insights. I purchased the hard cover version, but this is wonderfully accessible.

http://www.sciencedirect.com/science/handbooks/15740064

Many research universities, including BU have access to ScienceDirect.

It is unusual for Elsevier to post its new material for free access in this way.

Enjoy.