Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Uncertain Times: Kenneth Arrow and the Changing Economics of Health Care

Uncertain Times: Kenneth Arrow and the Changing Economics of Health Care

Hammer, Peter J.
Haas-Wilson, Deborah
Sage, William M.

Hardcover

EconomicsMedical Reference

Currently unavailable to order

ISBN10: 0822332094
ISBN13: 9780822332091
Publisher: Duke University Press
Published: Dec 8 2003
Pages: 400
Weight: 1.50
Height: 1.10 Width: 6.20 Depth: 9.40
Language: English
This volume revisits the Nobel Prize-winning economist Kenneth Arrow's classic 1963 essay Uncertainty and the Welfare Economics of Medical Care in light of the many changes in American health care since its publication. Arrow's groundbreaking piece, reprinted in full here, argued that while medicine was subject to the same models of competition and profit maximization as other industries, concepts of trust and morals also played key roles in understanding medicine as an economic institution and in balancing the asymmetrical relationship between medical providers and their patients. His conclusions about the medical profession's failures to insure against uncertainties helped initiate the reevaluation of insurance as a public and private good.

Also in

Economics

View All