Tim Harford: Why phoney medicine has such lasting allure
It turns out there’s a good reason snake oil still sells. Humans can’t deal with the idea of untreatable diseases. — throughout history, there has been a wealth of bizarre speculative treatments for a range of illnesses. But why is there such a demand for them? The Undercover Economist explores how a new book reveals two powerful forces that make useless treatments so enticing.
From Financial Times