Journal of Medicine and Philosophy 30 (6):571 – 578 (2005)
This essay argues that medical innovation proceeds most efficiently and effectively within a free market economy. Medical innovation is an expression of the technological project: the program through which we seek to control nature, to improve the quality and quantity of life. The Technological Project proceeds most efficiently with a free market economy because such a market both promotes competition and encourages innovation. As I argue, the market is a discovery process in which alternatives are tried, tested, and selected by consumer's choices. The alternatives to a free market - primarily central planning and a heavily regulated market - fail adequately to encourage medical innovation.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Economics, Ethics and the Market: Introduction and Applications.J. J. Graafland - 2005 - Routledge.
The Doctor and the Market: About the Influence of Market Reforms on the Professional Medical Ethics of Surgeons and General Practitioners in The Netherlands. [REVIEW]Jolanda Dwarswaard, Medard Hilhorst & Margo Trappenburg - 2011 - Health Care Analysis 19 (4):388-402.
Personal Freedom and Responsibility: The Ethical Foundations of a Market-Based Health Care Reform.Robert Emmet Moffit - 1994 - Journal of Medicine and Philosophy 19 (5):471-481.
The Commodification of Medical and Health Care: The Moral Consequences of a Paradigm Shift From a Professional to a Market Ethic.Edmund D. Pellegrino - 1999 - Journal of Medicine and Philosophy 24 (3):243 – 266.
Who Shall Live?: Health, Economics, and Social Choice.Victor R. Fuchs - 2011 - World Scientific.
Patients or Customers: Ethical Limits of Market Economy in Health Care.Friedrich Heubel - 2000 - Journal of Medicine and Philosophy 25 (2):240 – 253.
Added to index2009-01-28
Total downloads24 ( #208,483 of 2,158,346 )
Recent downloads (6 months)1 ( #355,511 of 2,158,346 )
How can I increase my downloads?