Should the capability approach be applied in Health Economics?
AbstractThis editorial questions the implications of the capability approach for health economics. Two specific issues are considered: the evaluative space of capablities (as opposed to health or utility) and the decision-making principle of maximisation. The paper argues that the capability approach can provide a richer evaluative space enabling improved evaluation of many interventions. It also argues that more thought is needed about the decision-making principles both within the capability approach and within health economics more generally. Specifically, researchers should analyse equity-oriented principles such as equalisation and a 'decent minimum' of capability, rather than presuming that the goal must be the maximisation of capability. Copyright © 2008 John Wiley & Sons, Ltd.
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Bibliographic InfoArticle provided by John Wiley & Sons, Ltd. in its journal Health Economics.
Volume (Year): 17 (2008)
Issue (Month): 6 ()
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Web page: http://www3.interscience.wiley.com/cgi-bin/jhome/5749
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- The potential of the super QALY to reconcile the key contentions in health economics
by Chris Sampson in The Academic Health Economists' Blog on 2013-05-20 06:54:41
- Richard D. Smith & Tracey H. Sach, 2009. "Contingent valuation: (still) on the road to nowhere?," Health Economics, John Wiley & Sons, Ltd., vol. 18(8), pages 863-866.
- Bleichrodt, Han & Quiggin, John, 2011.
"Capabilities as Menus: A Non-Welfarist Basis for QALY Evaluation,"
Risk and Sustainable Management Group Working Papers
151199, University of Queensland, School of Economics.
- Bleichrodt, Han & Quiggin, John, 2013. "Capabilities as menus: A non-welfarist basis for QALY evaluation," Journal of Health Economics, Elsevier, vol. 32(1), pages 128-137.
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