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Markets in everything, Indian edition
Three Indian doctors caught on camera apparently agreeing to amputate the healthy limbs of beggars are to be questioned by the Indian Medical Council, an official said Tuesday.
Here is the story, the going rate is about $215, and thanks to Ted Frank for the pointer.
Posted by Tyler Cowen on August 2, 2006 at 04:08 AM in Economics | Permalink
Comments
An article I read a few days previously says "Beggars in India's financial capital Mumbai earn several times the average income of the majority of Indians . . ."
http://archive.gulfnews.com/articles/06/07/22/10054125.html
Posted by: Ben Miller at Aug 2, 2006 4:18:32 AM
Life imitates...Monty Python?
Posted by: Andromeda at Aug 2, 2006 5:06:26 AM
Or Life imitates The Simpsons:
Lenny: Or begging! I know a place that'll saw your legs off.
Homer: Slow down, fellas. I've got a way we can keep our legs, and still have a bright future.
Carl: Now you're dreaming.
-- From D'oh-in' in the Wind
Posted by: Todd at Aug 2, 2006 7:19:42 AM
The new Playstation 3 costs about $600. I've heard jokes about it costing an arm and a leg, sounds like that's conservative. Unless you've got really good legs, you're not likely to have enough limbs left to play the thing.
Posted by: Sunny Molini at Aug 3, 2006 3:51:20 PM
I'm sorry, I completely missed the point. The beggar is willing to pay the doctor $215 to amputate his leg. It's a capital investment in his physical form, because in the long run, being lame will generate more sympathy money than being whole.
The beggar is sacrificing future options for enhanced capabilities for the options he'll have left. Because loosing a leg gives you a competitive advantage as a beggar. That's amazing!
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Posted by: levan at Sep 11, 2006 4:26:28 AM
