BMA scorns loans

Turning the BMA into print.

1 Beecher HK. Ethics and clinical research. N EnglJ Med 1966;274:1354-60.2 Anonymous. Experimental medicine [Editorial]. BMJ 1962;ii: 1108. 3 BearD AG, Billing BH, Sherlock S. Hepatic glucose output and hepatic insulin sensitivity in diabetes mellitus. Lancet 1951;ii:698. 4 Beecher HK. Experimentation on man. Springfield, Illinois: Thomas, 1959. 5 Southam CM. Hormotransplantation of human cell ...

The first BMA Gold Medal.

The BMA in agony.

The BMA suffered agonies last week. And the chairman of its council, Dr Jeremy Lee-Potter, suffered even more. Why the agony and will anything be learnt? Even before the annual representative meeting (the supreme policy making body of the association) had opened in Inverness last week a whispering campaign had begun. It said that Dr Lee-Potter (attending his first such meeting as chairman of co...

The Great Hall of BMA House.

Since last August the Great Hall at BMA has been undergoing reconstruction that will eventually turn the lower part into a new library and the upper part into a suite ofcommittee rooms (see "BMJ" 5 November 1983, p 1367). The scheme has been drawn up by the BMA's architect, Ivan Nellist, who talked to7ane Smith, a "BMJ" staffeditor, about the scheme and its progress. JANE SMITH: What do you thi...

Cosigned or Group Loans

We analyze lending contracts when social sanctions are used to enforce repayments and borrowers di¤er in their unobserved sanctioning abilities. Symmetric group loans are preferred to cosigned loans when borrowers are relatively equal, and cosigned loans are preferred when borrowers are unequal. This explains why microlenders that target the poor (e.g., the Grameen Bank) use symmetric group loa...