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