Health Economics (3rd Edition)

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9780321068989: Health Economics (3rd Edition)
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In this market-leading text, Phelps combines current economic thinking and research in health economics with real health policy problems. New to the heavily revised Third Edition is a chapter on Managed Care and additional coverage of pharmaceutical industries, as well as an appendix for review of the Math and Microeconomics concepts used in the book. The early chapters of Health Economics develop essential methodological foundations supported by recent empirical studies. Later chapters focus on major policy areas, such as the structure and effects of Medicare reform, competition and regulation in health care, and international comparisons of health care systems, building on the conceptual material developed earlier in the book.

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About the Author:

Charles E. Phelps went to the University of Rochester in 1984 as professor and director of the Public Policy Analysis Program, a graduate program offered by the Department of Political Science, in conjunction with the Department of Economics. In 1989 he became chair of the Department of Community and Preventive Medicine in the School of Medicine and Dentistry. He became Provost in July 1, 1994, and served until July 31, 2007. As Provost, he was responsible for overseeing the academic activity of the University, including teaching, research, and supporting services (e.g., libraries, information technology, and technology transfer) in each of the University's six schools. He currently holds the titles of University Professor and Provost Emeritus. Phelps has achieved national and international recognition for his scholarly research. In 1991 he was elected to the Institute of Medicine of the National Academy of Sciences and to the National Bureau for Economic Research. He served for six years on the Report Review Committee of the National Academies. Phelps is currently a Fellow at the Center for Advanced Studies in the Behavioral Sciences at Stanford University (academic year 2008-2009). Provost Emeritus Phelps participated from 1997 to 2007 in the Association of American Universities' Committee on Digital Technology and Intellectual Property Rights, and was an active participant in the AAU's work in areas involving related topics. He testified before Congress in June 1998 on issues pertaining to the implementation of the World Intellectual Property Organization (WIPO) treaty and has spoken on related matters in conferences on these issues sponsored by, among others, the Department of Commerce. In July 2005, he testified on Patent Reform for the Senate Judiciary Committee's Subcommittee on Intellectual Property. Provost Emeritus Phelps earned his bachelor's degree from Pomona College in Claremont, California. He then earned both an MBA in hospital administration and PhD in economics from the University of Chicago. Before beginning his career at the University of Rochester, Phelps worked at the RAND Corporation from 1971 to 1984. Phelps served from 1998-2006 on the Board of Trustees for the Council on Library and Information Resources (CLIR) in Washington, DC, the last two years as Chair. He currently serves on the Board of Trustees of the Center for Research Libraries in Chicago, and on the Board of Directors of VirtualScopics, Inc., a diagnostic-imaging technology company located in Rochester, New York. He also serves as an advisor to CVT, a pharmaceutical company in Palo Alto, California.

Review:

"Although other excellent textbooks have appeared since the first edition, Phelps remains the gold standard." -Alan Garber, Stanford University "It is an excellent book, well written, clear, provides both a good understanding of the structure of the health care system and the stakeholders, and presents economic analyses to explain their behavior." -Dana Mukamel, University of California-Irvine "I think the text is well organized. ...It is more a story than a textbook in some places, and I like that feature. It is as if Phelps has taken what he knows that is appropriate for an undergraduate audience and written it down and we can just upload it. Rather than an encyclopedic attempt at covering the field (which I think many textbooks attempt, and I find less engaging)." -Shirley Svorny, California State University-Northridge "The greatest strength of this text is its emphasis on current research. In each chapter, Phelps includes concise and meaningful citations to the latest and most important research." -Jeffrey Milyo, Tufts University

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