Dictionary of Health EconomicsBMJ 1999; 319 doi: https://doi.org/10.1136/bmj.319.7223.1506 (Published 04 December 1999) Cite this as: BMJ 1999;319:1506
- Anna Donald, clinical lecturer
- University College London, and clinical editor, Clinical Evidence
Radcliffe Medical Press, £19.95, pp 164
ISBN 1 85775337 2
Is economics really a “dismal science” (the sobriquet used by John Maynard Keynes and others during the great depression but first thought to be used by Lord Carlyle) with limited relevance to patient care? I thought it was until I studied it and was embarrassed by my previous disdain.
Certainly economics, like epidemiology, is a partial lens that does not always reveal important information. For example, supply and demand curves do not always …