Measuring the Gains from Medical Research: An Economic Approach - Hardcover

Murphy, Kevin M.; Topel, Robert H.

9780226551784: Measuring the Gains from Medical Research: An Economic Approach

Hardcover

ISBN 10: 0226551784 ISBN 13: 9780226551784

Verlag: University of Chicago Press, 2003

Alle Exemplare dieser ISBN-Ausgabe

2 Gebraucht

Von EUR 7,72

0 Neu

Book by Kevin M Murphy Robert H Topel

Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.

Rese�a del editor

In 1998, health expenditures in the United States accounted for 12.9% of national income - the highest share of income devoted to health in the developed world. The United States also spends more on medical research than any other country - in 2000, the federal government decicated $18.4 billion to it, compared to only $3.7 billion for the entire European Union. In this book, leading health economists ask whether we are getting our money's worth. From an economic perspective, they find, the answer is a resounding "yes"; in fact considering the extraordinary value of improvements to health, we may even be spending "too little" on medical research. The evidence these papers present and the conclusions they reach are surprising and convincing: among them, that growth in longevity since 1950 has been as valuable as growth in all other forms of consumption combined; that medical advances producing 10% reductions in mortality from cancer and heart disease alone would add roughly $10 trillion (a year's GDP) to national wealth; and that the average new drug approved by the FDA yields benefits worth many times its costs of development. For anyone concerned about the cost and value of medical research, from policymakers to health care professionals and economists, this should be a landmark book.

Biograf�a del autor

Kevin M. Murphy is the George J. Stigler Professor of Economics in the Graduate School of Business and the Department of Economics at the University of Chicago. He is coauthor of "Social Economics: Market Behavior in a Social Environment." Robert H. Topel is the Isidore Brown and Gladys J. Brown Professor in Urban and Labor Economics in the Graduate School of Business at the University of Chicago. He is coeditor of "The Welfare State in Transition" and "Labor Market Data and Measurement," both published by the University of Chicago Press.

��ber diesen Titel� kann sich auf eine andere Ausgabe dieses Titels beziehen.