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Can economics be bad for your health?
1Scottish Clinical Audit Resource Centre, University of Glasgow.
Abstract:
The increasing popularity of economic evaluation methods, especially cost effectiveness analysis, brings with it the danger of decisions being made on the basis of faulty criteria. This paper explores the underlying faults of orthodox economics, and offers tentatively an alternative means of decision appraisal via John Dewey's philosophy of instrumentalism and the methods of institutionalist economics.
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