Tag Archives: Kenneth Arrow

Kenneth Arrow’s Legacy And The Article That Launched A Thousand Studies

Kenneth Arrow, who passed away on February 21, was, according to many knowledgeable observers, the foremost economist of the second half of the 20th century. In a single article published by the American Economic Review in 1963, he launched modern health economics.

March 8, 2017

Medicare, Fair Pay, And The AMA: The Forgotten History

Perhaps the most well-known part of the 1965 Medicare creation tale is the opposition by the American Medical Association (AMA) to “socialized medicine.” The forgotten story of professionalism’s failure to contain physician greed provides an important policy perspective.

September 10, 2015