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The Economics of Reconsidered, Third Edition

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brand: health administration press

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This book reconsiders the field of economics as it is traditionally taught and practiced. It critically examines economic theory as applied to the sector and questions the prevailing belief that a competitive care marketplace results in the best outcomes. New information, including an overview of standard microeconomic theory, makes this new edition an ideal stand-alone text for economics and policy courses. Expanded and thoroughly updated, this edition features: A new chapter on traditional microeconomic theory that includes an overview of demand, supply, competition, monopoly, and social welfare, an expanded overview of the role of government, added information about market competition and the implications for policy, expanded information about the demand for insurance and services, a new chapter discussing for-profit versus nonprofit organizations in care, including specialty hospitals and the nursing home and ceutical industries, a new chapter on care-workforce issues including the markets for physicians and nurses, an update on the different ways developed countries can and have organized their care systems

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