[LinkBlog] The Refragmentation

A very succinct summary of the evolution of the US economy after the World War to present. There are quite a few parallels to be drawn to the Indian economy as well, albeit with a time lag.
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[LinkBlog] Efficacy vs. Effectiveness vs. Efficiency « Healthcare Economist

“Efficacy describes the technical relationship between the technology and its effects (whether it actually works), whereas effectiveness concerns the extent to which application of an efficacious technology brings about desired effects (changes in diagnoses, altered management plans, improvement in health)…Efficiency is an economic concept which relates efficacy and effectivness to resource use.  Assessment of efficiency is concerned with whether acceptable efficacy and effectiveness are achieved with the most prudent or optimal mix or resources.


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