This volume revisits the Nobel Prize-winning economist Kenneth Arrow's classic 1963 essay -Uncertainty and the Welfare Economics of Medical Care- in light of the many changes in American health care since its publication. Arrow's groundbreaking piece, reprinted in full here, argued that while medicine was subject to the same models of competition and profit maximization as other industries, concepts of trust and morals also played key roles in understanding medicine as an economic institution and in balancing the asymmetrical relationship between medical providers and their patients. His...

This volume revisits the Nobel Prize-winning economist Kenneth Arrow's classic 1963 essay -Uncertainty and the Welfare Economics of Medical Care- in light of the many changes in American health care since its publication. Arrow's groundbreaking piece, reprinted in full here, argued that while medicine was subject to the same models of competition and profit maximization as other industries, concepts of trust and morals also played key roles in understanding medicine as an economic institution and in balancing the asymmetrical relationship between medical providers and their patients. His...

Winner of a Michigan State History Award; Gold Medal Winner in the Independent Publisher Book Awards; Finalist in the Midwest Book Awards; Finalist in the Next Generation Indie Book Awards! "There is no equal justice for Black people today; there never has been. To our everlasting shame, the quality of justice in America has always been and is now directly related to the color of one's skin as well as to the size of one's pocketbook." This quote comes from George W. Crockett Jr.'s essay, "A Black Judge Speaks" (Judicature, 1970). The stories of Black lawyers and judges are rarely told. By...