February 18, 2000
The Vital Role of Economists in Realizing Medicine's Golden Age
The history of medicine can be traced back at least 2,500 years to ancient Greece. However, during most of that period, medicine was practiced as a craft based on Hippocrates' urging that physicians, first, "do no harm." Medical practice was focused on comforting patients and, in some cases, slowing the progress of serious illnesses by perhaps six months to two years.
Fifty years ago, that picture began to change. Scientists found a few remarkable preventive
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