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Today, Illingworth inveighs against the "extraordinarily bad, artificial cost estimates" of the Goldin era.
And since the dollar has fallen against other major currencies, China's artificial cost advantage has actually increased.
Koch also believes in eliminating what he calls "the artificial cost of hiring".
He says we need to "eliminate the artificial cost of hiring," like healthcare coverage and the minimum wage.
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The solution is to reduce those artificial costs in the first place, not give out special favors.
"Five years ago, I used to say that my artificial leg cost as much as my car.
Artificial alternatives cost a bomb – if they can be done at all.
We recorded the length of ICU stay, length of artificial ventilation, cost, APACHE II and SOFA scores, and examined the incidence of nosocomial infections and mortality in both groups of critically ill patients.
With artificial joints, cost-trimming efforts have been similarly ineffective.
Now my artificial leg costs twice as much as my car".
In the U.S., an artificial leg costs about $10,000 and the delivery time is 7-10 days.
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CEO of Professional Science Editing for Scientists @ prosciediting.com