Emeritus Professor John Mangan

Category: Economics

Placing an economic value on clinical service interventions using self-reported data

22/08/2025

This presentation examines the  value  of and necessity for economic evaluation of community based educational health initiatives. In house evaluation of these initiatives are often based on self-reported data that requires analysis for both reliability and suitability in economic evaluation. This presentation sets out to describe the necessary steps to provide rigorous economic evaluations of community health initiatives  designed to reduce the incidence and impact of type 2 diabetes.  

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Guns or Butter: Health Spending versus Defence Spending

18/01/2025

Guns or Butter: Health Spending versus Defence Spending Introduction The phrase “guns or butter” originated during the early 20th century, particularly around the time of World War I. The concept was likely first articulated by William Jennings Bryan, Secretary of State under President Woodrow Wilson. Bryan resigned in protest over Wilson’s decision to prioritize military production over civilian goods (Guns Before Butter  Political Dictionary.) Others claim that the term came from the National Défense Act of 1916, which aimed to

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The Economics of Death part 3 – The Funeral Industry in Australia

30/11/2024

The Economics of Death part 3 – The Funeral Industry in Australia At any one time the funeral industry in Australia has about twenty-six million potential customers, all of which will, at some time, will become active customers. However, unlike other industries,  the industry in aggregate cannot advertise or invest to actively increase demand, with the exception of  promoting  pre-paid funerals. Instead, it accepts the deathrate as exogenous and concentrates on internal competition of the existing market. (Figure generated by

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The Economics of Death Part 2- Death Duties

23/11/2024

The Economics of Death Part 2- Death Duties   Against a backdrop of rising income and wealth inequality across the world support for the increased use of death duties or their  re-introduction is growing, witness recent proposals by. UK Chancellor Rachel Reeves (Could Labour impose a “double death tax” of more than 50%?| Money Week.) In the past  I have strongly supported a re-introduction of  inheritance tax, a nicer name for death duties (House prices and demographics make death duties

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The Economics of Death

02/11/2024

  The Economics of Death   Death is often portrayed as a release from earthly worries, although there is no empirical evidence to support this. However, death brings a lot of externalities and transaction costs to family, friends and society in general.  A rational question to ask is why death, the final act of a person, can prove so costly: Introduction Death, an inevitable part of life, carries significant economic implications that affect individuals, families, and society at large. The

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Supply and Demand Analysis- How much does it really explain

26/10/2024

  Introduction Supply and demand are fundamental concepts in economics that describe the relationship between the availability of a product (supply) and the desire for that product (demand) with the implication that relationship plays a crucial role in determining the price of goods and services in a market economy.   The Laws of Demand and Supply The law of demand states that, all else being equal, as the price of a good or service decreases, the quantity demanded increases, and

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