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OverviewThis 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.Coming from diverse backgrounds economics, law, political science, and the health care industry itself the contributors use Arrow s article to address a range of present-day health-policy questions. They examine everything from health insurance and technological innovation to the roles of charity, nonprofit institutions, and self-regulation in addressing medical needs. The collection concludes with a new essay by Arrow, in which he reflects on the health care markets of the new millennium. At a time when medical costs continue to rise, the ranks of the uninsured grow, and uncertainty reigns even among those with health insurance, this volume looks back at a seminal work of scholarship to provide critical guidance for the years ahead.ContributorsLinda H. AikenKenneth J. ArrowGloria J. BazzoliM. Gregg BlocheLawrence CasalinoMichael ChernewRichard A. CooperVictor R. FuchsAnnetine C. GelijnsSherry A. GliedDeborah Haas-WilsonMark A. HallPeter J. HammerClark C. HavighurstPeter D. JacobsonRichard KronickMichael L. MillensonJack NeedlemanRichard R. NelsonMark V. PaulyMark A. PetersonUwe E. ReinhardtJames C. RobinsonWilliam M. SageJ. B. SilversFrank A. SloanJoshua Graff Zivin Full Product DetailsAuthor: Professor Mark V Pauly (University of Pennsylvania) , Victor R Fuchs , Peter J Hammer , Professor of Economics Deborah Haas-Wilson (Smith College)Publisher: Duke University Press Imprint: Duke University Press ISBN: 9781283064668ISBN 10: 1283064669 Publication Date: 01 January 2003 Audience: General/trade , General Format: Electronic book text Publisher's Status: Active Availability: In stock We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |