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Davis, J., McMaster, R. A Contextualist Approach to Health Economics. Journal of Contextual Economics – Schmollers Jahrbuch, 141(1–2), 129-147. https://doi.org/10.3790/schm.141.1-2.129
Davis, John B. and McMaster, Robert "A Contextualist Approach to Health Economics" Journal of Contextual Economics – Schmollers Jahrbuch 141.1–2, 2021, 129-147. https://doi.org/10.3790/schm.141.1-2.129
Davis, John B./McMaster, Robert (2021): A Contextualist Approach to Health Economics, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 141, iss. 1–2, 129-147, [online] https://doi.org/10.3790/schm.141.1-2.129
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A Contextualist Approach to Health Economics

Davis, John B. | McMaster, Robert

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 141 (2021), Iss. 1–2 : pp. 129–147

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Article Details

Publisher Name
Duncker & Humblot
DOI
https://doi.org/10.3790/schm.141.1-2.129
Language
English
Pages
19
Keywords

Author Details

John B. Davis, Amsterdam School of Economics, University of Amsterdam, P.O. Box 15867, 1001 NJ Amsterdam, Netherlands; Economics Department, Marquette University, David A. Straz, Jr. Hall, 1225 W. Wisconsin Ave., Milwaukee, WI 53233, United States.

Robert McMaster, Adam Smith Business School, R501 Level 5, Main Building, University Avenue, Glasgow G12 8QQ, Scotland.

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Abstract

This paper departs from the standard abstract economics approach to health economics to develop a specifically contextualist approach to the subject emphasizing social and historical circumstances affecting health provision. Following Polanyi, it sees the economy as socially embedded and economic relationships as social relationships. The paper critically examines Grossman’s natural science utility maximization explanation of people’s demand for health and health care, and advances an alternative social science account using a two-way analysis between micro level social relationships and the macro level organization of health in society. Three significant trends affecting the future of health systems are discussed. The paper closes with comments on the influence of psychology in the form of behavioral economics on the future development of a contextualist approach to health economics.

Table of Contents

Section Title Page Action Price
John B. Davis / Robert McMaster: A Contextualist Approach to Health Economics 129
Abstract 129
1. The Methodological Assumptions of Grossman’s Demand for Health Model 131
2. An Alternative Contextualist Approach to Health Economics 134
3. Contextualist Health Economics at the Macro Level 137
3.1 The Overall Organization of Health Care in the Market-Based Approach to Health 137
3.2 The Overall Organization of Health Care in a Contextualist Approach to Health 129
4. Three Significant Trends Affecting the Future of Health Care 129
4.1 The Aging of Populations and an Increased Need for Health Care 129
4.2 High Levels of Social and Economic Inequality 129
4.3 The Emergence of New TechnologiesAffecting Health Care 129
References 129

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