TITLE

The Shortage of Physicians' Services

AUTHOR(S)
Rayack, Elton
PUB. DATE
July 1965
SOURCE
Industrial & Labor Relations Review;Jul65, Vol. 18 Issue 4, p584
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The paper calls for drastic increases in the supply of physicians than have been recommended by non-economists in the government-sponsored reports which relied upon physician-population ratios. It is interesting to note that non-economists have urged an increase in the supply of physicians on the basis of the falling ratio of physicians to population. Although economists have condemned this approach, it may be consistent with the external effect and option effect notions. Economists have condemned the physician-population approach for obvious reasons. The physician-population approach answers the question as to what is an adequate supply of physicians by merely assuming the problems away. A certain physician-population ratio is assumed desirable and then the number of physicians needed to achieve the assumed desirable ratio is estimated on the basis of certain expected changes in the population. In the study, it has been found that non-economists, without the aid of a vigorous framework to examine the question of the supply of physicians, have identified some important elements ignored by economists.
ACCESSION #
4467014

 

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