Sherry Glied, Peter C. Smith

Research output: Chapter in Book/Report/Conference proceedingForeword/postscript


The discipline of health economics builds on the insights of microeconomic theory and has developed a substantial empirical basis. It has contributed significantly to addressing and understanding the profound health issues confronted in almost all countries, and has a large impact on the development, implementation, and evaluation of health systems policy. This article helps to investigate areas of interest to policymakers. It discusses the best way to organize and compensate health care providers and describes the rapid growth in expenditure in most developed countries. It discusses the factors that have driven this growth, such as population aging, general economic growth, and the adoption and use of new medical technologies. It surveys the successes and lacunae of the health economics research endeavor and hopes that such successes will be replicated and extended in the future.

Original languageEnglish (US)
Title of host publicationThe Oxford Handbook of Health Economics
PublisherOxford University Press
ISBN (Electronic)9780191743719
ISBN (Print)9780199238828
StatePublished - Sep 18 2012


  • Empirical basis
  • Health economics
  • Health systems policy
  • Medical technologies
  • Population aging

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)


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