A retrospective analysis of the relationship between economy and health

Alexander Cotte Poveda

Revista CIFE, 2020, vol. 22, issue 37, No 19192, 15-20

Abstract: There is no dichotomy, neither classical, nor neoclassical, nor Keynesian, much less as-sociated with any current of the known economic school, on the trade-off between health and economy. Health, from economic theory, is considered a pure public good, a service available to society; its use by some does not imply the exclusion of said good for others who can use it. From a practical perspective, this implies possible access restrictions that may arise at some point. Two examples of countries that favored economics over health under the premise of having robust health systems with the best equipment in Science, Technology, and Innovation, and greater spending on Research and Development, were the United States and the United Kingdom, who now suffer the consequences of certain decisions made at the time.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:col:000195:019192

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