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EDITOR
Although parts of Greenhalgh's paper on economic analyses were
helpful to our non-economist colleagues, many parts showed a poor
understanding of the subject and the paper is likely to be of little
help in assessing the value of studies.1 Much of the paper
was devoted to cost-utility analysis (where this was occasionally
confused with cost-benefit analysis and Greenhalgh showed an ignorance
of the methods of utility estimation). The short description of
cost-consequences analysis seemed to confuse it with cost-effectiveness
analysis. There were also important errors in some of the paragraphs
explaining "Ten questions to ask about an economic analysis."
Question 2, on the perspective of economic evaluations. This paragraph missed the point, referring to interest groups and funding rather than objective viewpoints, which should be stated in the paper (for example, the NHS, patient, or society).
Question 3, on the clinical effectiveness of the interventions.
The "gold standard" economic