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Health Economics (4th Edition) 4th Edition

4.2 out of 5 stars 14 customer reviews
ISBN-13: 978-0321594570
ISBN-10: 0321594576
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Editorial Reviews

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

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.
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Product Details

  • Hardcover: 656 pages
  • Publisher: Prentice Hall; 4 edition (February 20, 2009)
  • Language: English
  • ISBN-10: 0321594576
  • ISBN-13: 978-0321594570
  • Product Dimensions: 6.3 x 1.5 x 9.2 inches
  • Shipping Weight: 2.2 pounds (View shipping rates and policies)
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (14 customer reviews)
  • Amazon Best Sellers Rank: #901,307 in Books (See Top 100 in Books)

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Customer Reviews

Top Customer Reviews

Format: Hardcover
Having spent almost 10 years teaching health economics, I've read and used quite a few of the texts books that are around. Phelps' "Health Economics" is quite simply the best I've read bar none.
Its coverage is as comprehensive as one would want in a book of this type covering the standard demand, supply and policy issues as well as looking at specific aspects of the health economy such as medical malpractice. It is written largely from a US perspective but is by no means insular.
What I found particularly commendable in this book was its style and structure. Many books cover much of the material that is covered here but none in a fashion that is as readable, articulate or clear. Appendices are used to deal with technical issues (and deal with them in a way most students with a basic knowledge of economics will actually work through) while examples are used to provide an intuition that is often absent from other texts.
I cannot recommend the book highly enough for teaching at an undergraduate level or non-specialist postgrad level. I also recommend it as a good read for those working in the area of health economics. Quite simply a cracking book.
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Format: Hardcover Verified Purchase
I was interested in better understanding the complex issues regarding healthcare reform. This book fullfilled this role and provided me with a clear understanding of the overall healthcare economy. The author does an excellent job integrating published economic research into a thorough unbiased summary of healthcare economics. The book provides numerous references. I recommend this book to all. A prior understanding of basic microeconomics is desirable but not necessary for understanding this book.
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Format: Hardcover
I am completing my final semester in the Economics Department at the University of Rochester. Looking back over all of the books that I have read as an undergraduate student, this book ranks among the top three (including books from other disciplines). Dr. Phelps offers a balanced perspective on a broad selection of health-related issues. Furthermore, he constantly backs up his analysis with insightful studies and statistics. Regardless of the quality of your professor, after reading this book, you will feel knowledgeable (from an economic perspective and more) about the issues facing our health care system (and to a certain extent, even those of other countries).
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Format: Hardcover Verified Purchase
Worth the read

Was using it for an elective class at the URI Providence campus while competing Pharmacy major

Like any other material it was only part of the puzzle of knowledge

The professor, the primary literature, and the other students are what really added to the subject
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Format: Hardcover
This textbook is a wonderfully written introduction to health care economics. It takes complex issues and presents them in a somewhat simplified manner while not losing the quality of the information.
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Format: Hardcover
The coverage of this book is as comprehensive as there is no need to hold any similar book describing the health economics on the whole. The pollicy description is mainly US focused and less stress has been put on the international perspective. Nonetheless, Phelps' Health economics is for me the first to take into hand when preparing slights, talks or just looking for simple answer. Ales Tichopad (CEEOR - Central and Eastern Europe Outcomes Research)
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Format: Hardcover Verified Purchase
Easy to read textbook. It explains concepts and ideas thoroughly and consistently. I used this book for my health economics course in college and genuinely enjoyed reading it.
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