Markets in everything, Indian edition

by on August 2, 2006 at 4:08 am in Economics | Permalink

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.

Ben Miller August 2, 2006 at 4:18 am

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

Todd August 2, 2006 at 7:19 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

Sunny Molini August 3, 2006 at 4:43 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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