Economics Dictionary of ArgumentsHome
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| Contraception: Contraception refers to methods or devices used to prevent pregnancy. It includes hormonal methods (like pills), barrier methods (like condoms), intrauterine devices (IUDs), sterilization, and natural planning. Contraception allows individuals to control if and when they have children, and it plays a key role in reproductive health, family planning, and population control. See also Abortion, Civil rights._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Economic Theories on Contraception - Dictionary of Arguments
Henderson I 16 Contraception/Alchian/economic theories/Henderson/Globerman: Should insurance companies cover contraception? That's for each individual insurance company to decide. In making that decision, will they consider the interests of their customers? Absolutely. It's in the insurance companies' interest to do so. How will they think about it? Companies whose owners or managers think it's immoral to cover contraception probably will not cover contraception. They have the right not to do so and their rights should be respected. Most companies will probably think about it the standard way they think about these things: How much are customers willing to pay to get coverage for contraceptives? And how much will it cost the insurance company to provide such coverage, taking account of the fact that covering contraception might save the insurance company money that it would have spent on abortions and on pregnancies brought to term? Insurances: The insurance companies probably have a lot of information on these issues. We can tell them little that they haven't thought of. But it's not a public policy issue unless the government makes it one. It's a matter for the insurance company to decide. Then customers can decide whether to deal with that company. >Insurances. Public policy: This is just a small list of the problems that are apparently "public policy" problems only because the government has chosen to make them so. Private property solves people's problems every day.* * This section is adapted from Henderson (2012)(1). 1. Henderson, David R. (2012, April 2). How Property Rights Solve Problems. Econlib. |
Economic Theories Henderson I David R. Henderson Steven Globerman The Essential UCLA School of Economics Vancouver: Fraser Institute. 2019 |
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