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Uncertainty and the welfare economics of medical care: an Austrian rebuttal Part 2
Part 2 of this 3 part series continues a rebuttal to Kenneth Arrow’s famous argument that health care is special and free market economic principles do not apply. The rebuttal is based on concepts of Austrian Economics.
G. Berdine
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High hopes for "Deep Medicine"? AI, economics, and the future of care [PDF]
In the much-celebrated book Deep Medicine, Eric Topol argues that the development of artificial intelligence for health care will lead to a dramatic shift in the culture and practice of medicine.
R. Sparrow, Joshua Hatherley
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Funding medical education: should we follow a different model to general higher education?
ISSUE. There has been much recent discussion on the funding of medical education. There has also been much discussion about the funding of higher education more generally. EVIDENCE.
Kieran Walsh
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Nonrivalry and the Economics of Data
Data is nonrival: a person’s location history, medical records, and driving data can be used by many firms simultaneously. Nonrivalry leads to increasing returns. As a result, there may be social gains to data being used broadly across firms, even in the
Charles I. Jones, Christopher Tonetti
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Smoking related disease risk, area deprivation and health behaviours [PDF]
Acknowledgements We thank Professor Luke Vale, Dr Diane Stockton and participants at the Faculty of Public Health conference, Aviemore, Scotland, November 2011 and UK Society for Behavioural Medicine conference, Stirling, Scotland, December 2011 for ...
Craig, Peter +3 more
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The Economics of Crisis Innovation Policy: A Historical Perspective
Since the beginning of the COVID-19 pandemic, policymakers, researchers, and journalists have made comparisons to World War II. In 1940, a group of top US science administrators organized a major coordinated research effort to support the Allied war ...
Daniel P. Gross, Bhaven N. Sampat
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The economics of the COVID-19 pandemic: an assessment
The COVID-19 pandemic has created both a medical crisis and an economic crisis. As others have noted, we face challenges just as big as those in the Spanish Flu Pandemic and the Great Depression—all at once.
Daniel Susskind, D. Vines
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Medical education: microeconomics or macroeconomics?
Medical education is expensive. This expense has led to a growing interest in ensuring that whatever is spent on medical education delivers value for money to the payer. Value for money can be view in macroeconomic or microeconomic terms.
Kieran Walsh
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Cost and value in medical education: the factor of change management
Medical education is expensive. However even if a new form of low cost high value medical education is developed, consideration must be given to the change management process whereby the old system is gradually retired and the new one taken up ...
Kieran Walsh
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Economics of Medical Devices in India.
Most of the industrial sectors of India have undergone major changes in the post-liberalization period. During this period, India has become self-reliant in drugs; however, still, 75% of the medical devices are imported in India. According to WHO, almost
A. Dang, J. Sharma
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