Word: philipsons
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...presidential candidates on health care policy discussed the merits of each candidate’s plans at a debate held at the Petrie-Flom Center at Harvard Law School yesterday. Economics professor David M. Cutler, a senior advisor to Democrat Barack Obama, and University of Chicago economist Tomas J. Philipson addressed the issues of high costs of health care, centralized versus privatized care, and the role that technology can play in improving health care outcomes. Both Cutler and Philipson cited affordability and accesibility as top priorities. Moderated by Petrie-Flom fellow Allison K. Hoffman, the event also featured two panelists...
...tiny South American country of Guyana in return for ownership of the forest's ecosystem services and a claim on any profits that might one day be made on them. Canopy Capital wouldn't say how big the deal was, but the firm's managing director Hylton Philipson said it would cover a significant chunk of the reserve's $1.2 million annual budget and run for five years, with an option for renewal. "Our funds will go to strengthening the protection of the forest," says Mitchell...
...market price on all the other ecosystem services provided by a healthy rain forest. Humans have been availing themselves of those services for nothing, like a free utility, but that can't continue. "If you want something you have to pay for it," says Philipson. "If you recognize the services the forests provide to mankind, you have to pay for that utility bill...
...price set on those rain-forest services, because no market exists to price them. Canopy Capital isn't buying land, and it is essentially paying the Iwokrama reserve for a good that it can't really trade. That sounds an awful lot like philanthropy, but Mitchell and Philipson insist this is capitalism. For now, Canopy will pay simply to protect Iwokrama's ecosystem services, but in the future it's wagering that the world will get desperate enough to limit climate change - and deforestation - that it will pay Canopy for its stake. "The fundamental difference here is that we hope...
...what about Philipson's own work habits? "I was totally married to my job," she says. "For most of the '90s, I was working about 55 hours a week. I realized, in part from listening to my patients, that my life wasn't that different from theirs." She reduced her work hours to 26 a week. "It really made me confront how I wanted to live my life. I had to reconnect." Is she happier now? "I'm getting married soon--to a man, rather than...