URL details: bfi.uchicago.edu/working-paper/economic-activity-and-the-value-of-medical-innovation-during-a-pandemic/
URL title:
Economic Activity and the Value of Medical Innovation during a Pandemic | BFI
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We are currently fighting a war against the COVID-19 virus. The war presents an obvious and massive tradeoff between “guns” – activities whose primary purpose is war production...
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