New & Classic Titles by Prof Victor Fuchs & Important Titles on Health Economics

Victor R Fuchs is the Henry J Kaiser Professor Emeritus at Stanford University where he applies economic analyses to social problems of national concern, with special emphasis on health and medical care. He is the author of nine books and editor of six others, including the classic Who Shall Live? Health, Economics, and Social Choice, second expanded edition published by World Scientific Publishing Co. Professor Fuchs’ contributions have been recognized by his election as president of the American Economic Association, election to the American Philosophical Society, the American Academy of Arts and Sciences, and the National Academy of Medicine. The award of the American Society of Health Economist for Lifetime Contributions to Health Economics is named in honor of Professor Fuchs. NEW Book by Prof Victor R Fuchs Health Economics and Policy Selected Writings by Victor Fuchs by Victor R Fuchs (Stanford)

“The collection represents an extraordinary intellectual achievement and ... a handbook for anyone thinking about health and health policy.” Foreword by Sir Angus Deaton winner of the Nobel Prize in Economics

“Victor Fuchs ... is one of the world’s most influential figures in health, medicine, and policy ... His writings could be considered the single most authoritative guidebook on health economics.” Foreword by Victor J Dzau MD, President of the National Academy of Medicine

“You have to be as old as I am to know how long Victor Fuchs has been the dean of health economics. No one knows more, or has thought as carefully about all matters relating to health care than Victor. He is a wise, caring and very funny man. Now more than ever, we need his wisdom, and here we have it in nice bite-sized digestible portions, just like the doctor would order. Read it and learn.” Victor Fuchs offers a selection of his public Richard Thaler lectures, articles, papers, and op-eds Professor of University of Chicago Graduate School of Business during the past 50 years. Also included Winner of Nobel Prize in Economics are forewords by Sir Angus Deaton, Nobel Prize Laureate in Economics, and “When Thomas Carlyle called economics ‘the dismal science’ he had not had the privilege of reading Victor Dzau, MD, president of the National Victor Fuchs. A grand master of clear thinking and trenchant prose, Fuchs sheds an economist’s Academy of Medicine. Organized in eight light on a host of topics in health and health care. This collection rewards the reader with many rich, nuanced and gratifying insights.” parts, it begins with an introduction to the Harvey V Fineberg, M.D. field of health economics and ends with President, Gordon and Betty Moore Foundation tributes to the founders and leaders of Past President, National Academy of Medicine the field. In between, Fuchs discusses the determinants of health, the cost of “This book introduces a broad audience to economist Victor Fuchs’ analytical skills, wisdom, and medical care, international comparisons, deep humanity. A must-read for every proponent of better health at affordable cost.” health insurance, demography and aging, Richard Zeckhouse and health policy and health care reform. Professor, Harvard University A special introduction precedes each Part. Kennedy School of Government This book represents what Fuchs calls the economic perspective applied to health “Victor Fuchs has brought penetrating insights to the analysis of US health and health care for more and medical care, a perspective of which than five decades. He has been unafraid to speak moral and economic truth to power and to forge Angus Deaton says, “Fuchs has long been his own creative proposals. One can only hope that those in position of power will heed his advice.” the master.” Barry S Coller, M.D. Professor of Medicine 668pp Jul 2018 Physician-in-Chief 978-981-3232-86-0 US$98 £86 Rockefeller University Hospital More details at https://www.worldscientific.com/page/HealthEcon19

Classic Textbook by Prof Victor R Fuchs Who Shall Live? Health, Economics and Social Choice 2nd Expanded Edition by Victor R Fuchs (Stanford University, USA)

“The second expanded edition of Who Shall Live? comes at a critical time when the nation is anxious about the direction of health care. By examining the factors influencing access, cost and quality that have and haven’t changed since the first edition, 37 years ago, Victor Fuchs has deftly re-established the context in which health policy decisions should be made. Fuchs observes that medical innovation has fueled the US’s health care spending growth, but cost-reducing innovations in the financing and delivery of care are what’s needed. Policy experts and decision makers should pay attention to Fuchs’new edition and let his thoughtful insights inform the debate.” Leonard Schaeffer Judge Robert Maclay Widney Chair and Professor, University of Southern California, Founder and former CEO of WellPoint, and former Administrator, Health Care Financing Administration (now CMS)

“Who Shall Live? is deservedly a classic book. I assign it Since the first edition of Who Shall Live? (1974) over 100,000 students, teachers, physicians, and general readers as the only reading for the first class of the year in a health from more than a dozen fields have found this book to be a policy survey course because, except for the magnitude reader-friendly, authoritative introduction to economic concepts of the numbers, its analysis, accessibility, and lucidity of applied to health and medical care. Fuchs provides clear exposition are as fresh as four decades ago. And for the explanations and memorable examples of the importance of great many who have read the book at least once, there is the non-medical determinants of health, the dominant role of a spiffy new introduction that gives Fuchs’reflections on the physicians in health care expenditures, the necessity of choices events of the intervening years, including the health reform about health at the individual and societal levels, and many legislation of 2010.” other compelling themes. Professor Joseph P Newhouse Now, in a new introduction of some 8,000 words including new Harvard School of Public Health and tables and figures, Fuchs, often called the “Dean of health Founding and current editor, economists”, concisely summarizes the major changes of the Journal of Health Economics past 37 years in health, medical care, and health policy. He focuses primarily on the United States but includes remarks 388pp Jul 2011 about health policy in other countries, and addresses the 978-981-4354-87-5 US$70 £58 question of whether national health care systems are becoming 978-981-4354-88-2(pbk) US$42 £35 more alike. In addition to reviewing changes, the introduction explains why health expenditures grow so rapidly, why health spending in the United States is so much greater than in other Request for Inspection Copy countries, and what physicians need in order to practice cost- Email: [email protected] effective medicine. or scan the QR code

 2 www.worldscientific.com WORLD SCIENTIFIC More details at https://www.worldscientific.com/page/HealthEcon19 World Scientific Series in Health Investment and Financing http://www.worldscientific.com/series/wsshif

Series Editor-in-Chief Alexander S Preker Executive Scholar and Adjunct, Associate Professor at Columbia University, New York University and the Icahn School of Medicine at Mt. Sinai in New York. President and CEO, Health Investment & Financing, New York Email: [email protected]

Most western developed countries offer universal access to healthcare through mechanisms that provide financial protection against its high cost, either through insurance or government subsidy programs. In most middle- and low-income countries, financing is often at the center of reforms in the healthcare sector. Success or failure of these reforms can have major impact on the political survival of governments that get involved, and major implications for the dynamics of the healthcare industry and overall economy. With this series, World Scientific will contribute knowledge about a policy area which is still poorly-understood. The series merges policy and practice, exploring the economic underpinnings of real trends in health investment and financing. Vol. 1 Financing Universal Forthcoming Access to Healthcare Financing Universal Access to Healthcare A Comparative Review of Landmark A Comparative Review of Incremental Health Legislative Health Reforms in the Insurance Reforms in the OECD OECD by Alexander S Preker (Columbia University, USA & New by Alexander S Preker York University, USA & Ichan School of Medicine at Mt. (Columbia University, USA) Sinai, USA) “The International Hospital Federation (IHF) This textbook for graduate and postgraduate university is committed to advancing the UHC agenda students and for healthcare policymakers reviews a set of throughout the world, giving billions of countries in the Organisation for Economic Co-operation and people better access to critical hospital care Development (OECD) that have introduced universal access and basic health services when needed, no to healthcare through an incremental expansion of health insurance coverage matter their income or geographic location in the world. Since its over time. This second volume is a companion to Volume 1, A Comparative establishment in 1929, the IHF recognizes the essential role of Review of Landmark Health Reforms in the OECD, which reviews a different set hospitals and health care organizations in providing health care, of countries that approach universal access to healthcare via a “Big Bang” reform supporting health services and offering education to health care process instead. providers as a critical partner in during the drive for UHC throughout the world. This volume is a tribute to the renewed effort in achieving 450pp Oct 2019 978-981-3271-54-8 US$138 £120 ‘Health for All’.” Eric De Roodenbeke, Executive Director, International Hospital Federation, Geneva, 2018 Forthcoming Financing the Education of Health Workers 672pp May 2018 978-981-3227-16-3 US$158 £139 Gaining A Competitive Edge by Alexander S Preker (Columbia University, USA & Health Investment & Financing Corporation, USA), Hortenzia Beciu (Johns Hopkins Medicine Vol. 2 Financing Micro International, USA) & Eric L Keuffel (Temple University, USA) Health Insurance This volume reviews the economic underpinnings (investment and financing) and Theory, Methods and Evidence institutional reforms needed to successfully scale up the education of health workers. by David Mark Dror (Micro Insurance In this regard, the book examines five major economic and institutional challenges Academy, New Delhi, India) that policy makers face: (1) governance of health education organizations and systems; (2) approaches to financing the education of health workers; (3) the “This book offers a rare analysis of special nature of capital investment in expanding the capacity of health education how peripheral societies can develop institutions; (4) public-private partnerships in health education; and (5) equity in health financing solutions locally through accessing health education, with a special focus on issues that arise from private consensus, self-governance, and self- approaches to the education of health workers. financing. In fact, it shows that promoting community (‘micro’) solutions can 430pp Jun 2019 contribute to achieving the global aim of universal health coverage. 978-981-3278-74-5 US$138 £120 Furthermore, the utilization of local information, local provision, local talent and local rules-in-use to devise local solutions, unlike More Forthcoming Titles top-down ‘think globally’solutions, can set in motion a dynamic for devising local solutions. Considering that the Protection Gap is Capital Finance in the Health Industry: A User Manual for Investors growing, this book invites all well-intentioned persons to pay more and Companies (Health Investment & Financing, Columbia attention and direct more investments to ‘act locally’.” Alexander S. Preker University, New York University and Mt. Sinai, NY, USA) & Les Funtleyder Michael J Morrissey, (eSquared Capital and Columbia University, New York, USA) President & Chief Executive Officer International Insurance Society Handbook on Health System Financing and Organization Dov Chernichovsky (Ben-Gurion University of the Negev, Israel) 552pp Jan 2019 978-981-3238-47-3 US$148 £130

WORLD SCIENTIFIC www.worldscientific.com 3  More details at https://www.worldscientific.com/page/HealthEcon19 Important Titles on Health Economics

Healthcare Policies and Systems Models of Health Plan Payment and Quality Reporting in Europe and China edited by Jacob Glazer (Tel Aviv University, Israel & The University of Comparisons and Synergies Warwick, UK) & Thomas G McGuire (Harvard Medical School, USA) edited by Attilio Mucelli (Marche Polytechnic The book pulls together a series of articles by the authors that initiated the University, Italy) & Francesca Spigarelli research areas of “optimal risk adjustment” and “optimal quality reporting.” (University of Macerata, Italy) The papers present the basic theoretical models and link them to empirical application. Design of health insurance premiums to achieve efficient and Healthcare Policies and Systems in Europe and fair outcomes is also covered. The chapters in the book also cover the China, a product of an interdisciplinary European intellectual development of approaches to health insurance regulation, Union-funded project, comprehensively beginning with more abstract models to those with explicit empirical and investigates opportunities for mutual integration policy applications. in the healthcare sector of the two regions and analyses policies at both national and local levels, the legal environment, 208pp Feb 2017 medical practices, as well as the state of respective healthcare industries 978-981-3202-87-0 US$125 £104 and related businesses. The book sheds light on both the potential benefits and obstacles to the integration of Chinese and Western medicine, as Textbook well as practices and industries in Europe and China. An interdisciplinary approach is adopted throughout using tools and technical knowledge Managing Innovation in Healthcare derived from the economics, social sciences, legal and medical fields. by James Barlow (Imperial College London, UK) 516pp Jan 2018 “The book would be a great text for advanced healthcare students, as it is 978-981-3231-21-4 US$158 £139 chock-full of fair-minded and complete discussions of different scholarly views. The book contains the musts of excellent text books too: ample caselets, boxes and figures that illustrate key concepts; chapter summaries; Theoretical Health Economics and a distillation of key concepts and further reading suggestions stud by Hans Keiding (University of Copenhagen, every chapter. It is useful for practitioners too, with excellent text and Denmark) case examples of how different nations approach innovation and quality measurement — e.g. pay for performance models — and full discussions As a relatively young discipline, health economics of regulations of drugs and devices.” as it appears today contains many features which Regina Herzlinger, Harvard Business School can be traced back to its beginnings. Since it arose in the interface between the medical 444pp Feb 2017 sciences and economics, the way of dealing 978-1-78634-151-8 US$110 £91 with problems were often influenced by traditions 978-1-78634-152-5(pbk) US$68 £56 which were well-established in the medical profession, while the classical way of thinking Series on Contemporary China - Vol 36 of economists came was filtering through at a slower pace. This means that much of both teaching and research in health Health Policy Reform in China economics puts the emphasis on collecting and analysing data on health A Comparative Perspective and healthcare as well as on public and private outlays on healthcare. The by Jiwei Qian (East Asian Institute, NUS, Singapore) & Åke Blomqvist present book is an introduction to health economics where the emphasis (Carleton University, Canada & C D Howe Institute, Canada) is on theory, with the aim of providing explanation of phenomena as far as “China is amidst one of the deepest trans-formations of health care system possible given the current level of economics. ever tried anywhere and this is reflected in the burgeoning literature on 340pp Sep 2017 the subject. In this volume, Qian and Blomqvist pull together the vast and disparate materials and discuss them from a comparative context. It is an 978-981-3227-81-1 US$128 £113 essential reading for those interested in public policy in China.” Professor M Ramesh, LKY School of Public Policy, EAI Series on East Asia National University of Singapore The Rise of the Regulatory State 364pp Sep 2014 in the Chinese Health-care System 978-981-4425-88-9 US$125 £104 by Jiwei Qian (East Asian Institute, NUS, Singapore) Forthcoming By reviewing regulatory initiatives in health Modern Health Care Marketing financing, service provision, pharmaceutical by Gamini Gunawardane (California State Universities at Fullerton, sector and public health, this book attempts to USA & California State University at Los Angeles, USA) connect recent research with policy developments in the Chinese health-care system. While there This book is an essential read to understand the integrated nature of health are a small number of studies on the regulations care marketing in the technologically driven, customer/patient-focused in the Chinese health-care system, this book contributes to the literature and globalized environment. It is also a useful reference for professionals in three ways. First, a review of the recent developments in the Chinese to pick up best practices on addressing challenges faced in the modern health-care system illustrates that the capacity and incentives of the health care industry. regulatory agencies matter in the implementation and enforcement of the regulations. Second, this book also shows that some institutional 400pp Dec 2019 978-981-3279-51-3 US$128 £115 arrangements in the Chinese context are particularly important for configuring the capacity and incentives of the regulatory system. Third, FIND THESE BOOKS VALUABLE this book lays out the mechanisms for the regulatory reform of the Chinese health-care system. TO YOUR COMMUNITY? 172pp Jun 2017 RECOMMEND THEM 978-981-3207-20-2 US$88 £73 TO YOUR LIBRARIAN.

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World Scientific Series in Series Editor-in-Chief Peter Berman Global Health Economics Harvard University, USA and Public Policy https://www.worldscientific.com/series/wssghepp

This series will strife to publish high-quality scientific works, including monographs, edited volumes, references, handbooks, etc., which address subjects of primary scientific importance on the global scale, as related to international economic policies in healthcare, social capital and healthcare economics in different global markets, drug-society interactions, global issues of pharmaco-economics, etc.

Vol. 3 World Scientific Handbook of Global Health Vol. 4 Economics of Tobacco Economics and Public Policy (A 3-Volume Set) Control in China From Policy Research to Practice Volume 1 — The Economics of Health and Health Systems edited by Teh-wei Hu (UC Berkeley) Volume 2 — Health Determinants and Outcomes Volume 3 — Health System Characteristics and Performance Nearly 370 million people in China smoke; edited by Richard M Scheffler (UC Berkeley) about one-third of all smokers in the world are in China; and about 1.2 million deaths “Understanding global health economics in China are attributable to smoking. The and policy has never been so important. death toll is expected to reach 2.2 million in This remarkable three-volume collection 2030 if no smoking intervention programs of chapters is sure to become the are implemented. Taxation on tobacco standard on health economics and health products is one of the most effective tobacco control programs. This policy around the world.” book addresses not only why China should raise cigarette tax, but David Cutler also how to raise the tobacco tax, by providing decision makers with Otto Eckstein Professor of relevant research findings and quantitative estimate about the impact Applied Economics, Harvard of raising the tobacco tax. It documents how these research findings University were communicated to the Chinese government officials, and how, finally, tobacco tax was raised 10 years after China’s ratification of the “These three volumes provide a WHO Frame Work Convention on Tobacco Control Treaty. comprehensive collection of cutting-edge, evidence and analysis on some of the most important economic issues facing 300pp Aug 2016 978-981-3108-71-4 US$118 £98 the health sector written by some of the best in the field. This Handbook is an invaluable contribution to the field of health economics.” Tim Evans Vol. 2 The Economics of Social Senior Director of Health, Nutrition, World Bank Capital and Health This Handbook covers major topics in global health economics and public policy A Conceptual and Empirical Roadmap edited by (Oakland and provides a timely, systematic review of the field. The Handbook features Sherman Folland University, USA) & Lorenzo Rocco academics and practitioners from more than a dozen countries. (University of Padova, Italy)

1628pp Apr 2016 978-981-4612-31-9(Set) US$1200 £996 236pp Feb 2014 978-981-4293-39-6 US$94 £78 Forthcoming Global Health Economics Vol. 1 Accountability and Shaping Health Care Policy in Low- and Middle-Income Countries Responsibility in Health Care edited by Paul Revill, Marc Suhrcke & Mark Sculpher (University of York, UK) Issues in Addressing an Emerging This book contains a collection of works showcasing the latest research into Global Challenge global health economics conducted by leading experts in the field from the edited by Bruce Rosen (Myers-JDC- Centre for Health Economics (CHE) at the University of York and other partner Brookdale Institute, Israel), Avi Israeli (Hebrew University — Hadassah Faculty research institutions (e.g., World Bank, University of Leeds). Each chapter of Medicine, Israel) & Stephen Shortell focuses upon an important topic in global health economics and a number (University of California, Berkeley, USA) of separate research projects. The discussion delves into health care policy evaluation; economic evaluation and the application of analysis methods; 704pp Mar 2012 health equity and universal health coverage; consideration of cost-effectiveness 978-981-4374-96-5 US$198 £164 thresholds and opportunity costs in the health sector; health system challenges and possible solutions; economics of health workforce planning; and others. Case study examples from a variety of low- and middle-income countries (LMIC) settings are also showcased in the final part of this volume.

300pp Nov 2019 978-981-3272-36-1 US$118 £105

WORLD SCIENTIFIC www.worldscientific.com 5  MoreMore detailsdetails atat https://www.worldscientific.com/page/HealthEcon19https://www.worldscientific.com/page/HealthEcon19 Forthcoming World Scientific Series in Global Health Economics and Public Policy – Vol. 6 Healthcare Policy in East Asia: A World Scientific Reference (In 4 Volumes) Volume 1: Healthcare System Reform and Policy Research in China Volume 2: Healthcare System Reform and Policy Research in Japan Volume 3: Healthcare System Reform and Policy Research in South Korea Volume 4: Healthcare System Reform and Policy Research in Taiwan Editor-in-chief: Teh-wei Hu (University of California, Berkeley, USA)

Edited by: Winnie Chi-man Yip (Harvard University, USA), Toshihiko Hasegawa (Nippon Medical School, Japan), Tomonori Hasegawa (Toho University, Japan), Tomohiro Hirao (Kagawa University, Japan), Masahide Kondo (University of Tsukuba, Japan), Bong-min Yang (Seoul National University, South Korea), Tung-liang Chiang (National Taiwan University, Taiwan) & Shou-hsia Cheng (National Taiwan University, Taiwan) 1200pp • Jun 2019 During the past three decades, healthcare systems in the East Asian regions of China, Japan, 978-981-3233-16-4(Set) South Korea, and Taiwan have undergone major changes. Each system has its unique US$895 £788 S$1325 achievements and challenges. Global healthcare policymakers are increasingly interested US$695 £612 S$1029 in understanding the changes that have taken place in these four systems. This four-volume Introductory Offer ends reference set is designed to help healthcare professionals, academics, policymakers, and 31 Aug 2019 general readers gain a good grasp of the background and latest developments in the healthcare

systems of China, Japan, South Korea, and Taiwan. This reference set provides an in-depth 978-981-3236-11-0(ebook-set) US$1343 £1182 S$1988 comparative health policy analysis and discussion of healthcare reform strategies in each (ebook-institutions) of these systems. One unique feature of this set is that each volume has been edited by a leading scholar who has been deeply involved in the development of the healthcare system in that particular region. Each of these editors also has invited both scholars and practitioners to provide a first-hand description and analysis of key healthcare reform issues in that system. More details: The many examples provided in each volume demonstrate how findings of evidence-based policy research can be implemented into policy practice. bit.ly/WS-HealthPolicyEA In summary, this four-volume set makes an outstanding contribution to healthcare system reform and policy research, based on solid scholarly work. It also introduces policy researchers and academic communities to current debates about health systems, health financing, and universal health coverage. This reference volume is a must for anyone keen on East Asia’s healthcare Editor-in-Chief: Teh-wei Hu system reform dynamics and changing scene.

Teh-wei Hu received his PhD in economics from the University of Wisconsin, Madison. He is Professor Emeritus of Health Economics in University of California, Berkeley, was Associate Dean and Department Chair in the School of Public Health, and Professor in the Graduate School at UC Berkeley. He was the founding president of the North America Chinese Economics Association. Professor Hu’s areas of expertise are the application of econometrics to health care services research and tobacco control. In 2010, he was a recipient of the American Public Health Association’s Carl Taube Award for his contribution toward mental health services research. In 2014, he was awarded a medal by the World Health Organization in recognition for this outstanding contribution to “raising tax in tobacco”. He is the author/co-author of more than 200 publications on health economics, economics of tobacco control, mental health, and health care reform. He has served as a consultant to the World Bank, the World Health Organization, U.S government, and government of China, Hong Kong, and Taiwan. ENRICH YOUR LIBRARY’S COLLECTION

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