CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Tuesday, May 24, 2011
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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6 Comments:
Many of the purchases are made in Transylvania.
the article does not make sense:
"He gets a proof of donation certificate and sells it to the desperate family. The blood heads off to be checked, and if it is found to be disease-free it goes toward filling the clinic's reserves."
So, somebody is in dire need of a transfusion, a relative or friend pays a blood donor, and the blood does not gets to the person in dire need, not even after hours days of tests (not all cultures mature in a few hours), but gets into the clinic's reserves ?
There are already compensation schemes for blood donors ... but "selling blood" makes so much better tabloid news.
Obviously the solution is to simply confiscate people's blood. (That's a joke.)
Let the market function. It's already solved the blood shortage problem. It's the government that's the problem.
Supply and demand. Learn it.
"He gets a proof of donation certificate and sells it to the desperate family. The blood heads off to be checked, and if it is found to be disease-free it goes toward filling the clinic's reserves."
The previous sentence explains it:
"Once a deal is struck, a donor hanging out nearby — or at most a phone call away — is summoned, and turns up at the blood clinic masquerading as a relative."
Apparently there are few voluntary donors in Bulgaria, and money to pay donors is scarce, so blood reserves are low. A relative donating the required blood type earns the patient the needed blood from the reserve.
Why wouldn't somebody give as often as they can and then sell the donation certs? Seems like that would be a lot easier.
Lots of people get paid for blood - I don't know why the donor shouldn't be one of them.
"Why wouldn't somebody give as often as they can and then sell the donation certs? Seems like that would be a lot easier.
Lots of people get paid for blood - I don't know why the donor shouldn't be one of them."
?? Isn't that what this article is about?
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