Author:
Karen Eggleston Professor at Stanford University and National Bureau of Economic Research, Director of the Asia Health Policy Program

Search for other papers by Karen Eggleston in
Current site
Google Scholar
PubMed
Close
Restricted access

The economic challenges countries face when adopting personalized medicine technologies provide an important illustration of many of the concepts articulated by János Kornai in his pioneering research on innovation in market-driven, capitalist surplus economies. In Chinese philosophy, Yin and Yang often represent contradictory yet inseparable opposites – two forces that not merely coexist, but are synergistic and mutually dependent. This concept is an apt analogy for the relationship between innovation and shortage in the health sector. Dangers arise from over-emphasizing the Yin of innovation over the Yang of access, and vice versa. If we over-constrain innovation, we die needlessly early and forfeit quality of life that innovations might have enabled. If we do not distribute access to innovations equitably, we diminish our humanity, suffer backlashes from populism and distrust of science and expertise, and risk social instability, even violent conflict.

  • Arrow, K. J. (1963): Uncertainty and the Welfare Economics of Medical Care. American Economic Review, 53(5): 941973.

  • Babiarz, K. S.Eggleston, K.Miller, G.Zhang, Q. (2015): An Exploration of China’s Mortality Decline under Mao: A Provincial Analysis, 1950–80. Population Studies, 69(1): 3956.

    • Search Google Scholar
    • Export Citation
  • Berndt, E. R.Trusheim, M. R. (2017): The Information Pharms Race and Competitive Dynamics of Precision Medicine. Paper Presented at the National Bureau of Economic Research Conference on Economic Dimensions of Personalized and Precision Medicine, Santa Monica, CA, September, 2017.

    • Search Google Scholar
    • Export Citation
  • Čatić, T. (2016): Market Access Pricing in Central and Eastern Europe: Practical Guide to Successful Reimbursement in Bosnia and Herzegovina. ISPOR Central & Eastern Europe Network Newsletter 4(1). Https://Www.Ispor.Org/Ceenetwork/Newsletter/2016/Guide-To-Successful-Reimbursement-Bosnia-Herzegovina-And-Ukraine.Pdf.

    • Search Google Scholar
    • Export Citation
  • Cybulski, J. S.Clements, J.Prakash, M. (2014): Foldscope: Origami-Based Paper Microscope. Plos One 9(6): E98781.

  • Chernew, M. E.Newhouse, J. P. (2012): Health Care Spending Growth. Handbook of Health Economics, 2: 143.

  • Deaton, A. (2003): Health, Inequality, and Economic Development. Journal of Economic Literature, 41(1): 113158.

  • Deaton, A. (2013): The Great Escape: Health, Wealth, and the Origins of Inequality. Princeton University Press.

  • Eggleston, K. (2016): Innovation, Shortage, and the Economics of Health Care Systems. In: Hámori, B.Rosta, M. (eds): Constraints and Driving Forces in Economic Systems: Studies in Honour of János Kornai. Cambridge Scholars Publishing, pp. 1529.

    • Search Google Scholar
    • Export Citation
  • European Medicines Agency (2017): Herceptin. EMA.Europa.Eu. (Last Updated April 19, 2017, accessed September 5, 2017. http://Www.Ema.Europa.Eu/Ema/Index.Jsp?Curl=Pages/Medicines/Human/Medicines/000278/Human_Med_000818.Jsp&Murl=Menus/Medicines/Medicines.Jsp&Mid=WC0b01ac058001d125).

  • Frye, J. E. (ed.) (2015): International Drug Price Indicator Guide. MSH.Org. July 2, 2015. (Accessed September 5, 2017. http://Apps.Who.Int/Medicinedocs/Documents/S21982en/S21982en.Pdf.)

    • Search Google Scholar
    • Export Citation
  • Gulácsi, L.Orlewska, E.Péntek, M. (2012): Health Economics and Health Technology Assessment in Central and Eastern Europe: A Dose of Reality. The European Journal of Health Economics, 13(5): 525531. https://Link.Springer.Com/Article/10.1007%2Fs10198-012-0411-X.

    • Search Google Scholar
    • Export Citation
  • Hamburg, M.Collins, F. (2010): The Path to Personalized Medicine. The New England Journal of Medicine, 363(4): 301304.

  • Kornai, J.Eggleston, K. (2001): Welfare, Choice and Solidarity in Transition: Reforming the Health Sector in Eastern Europe. Cambridge, UK: Cambridge University Press.

    • Search Google Scholar
    • Export Citation
  • Kornai, J. (2013): Dynamism, Rivalry, and the Surplus Economy: Two Essays on the Nature of Capitalism. Oxford University Press.

  • Management Sciences for Health (2014): Trastuzumab. Mshpriceguide.Org., January, 2014. (Accessed September 5, 2017. http://Mshpriceguide.Org/En/Single-Drug-Information/?Dmfid=147 1&Searchyear=2014).

    • Search Google Scholar
    • Export Citation
  • Mayor, S. (2016): Differences in Availability of Cancer Drugs across Europe. The Lancet Oncology, 17(9): 1196. http://Www.Thelancet.Com/Journals/Lanonc/Article/PIIS1470-2045(16)30378-3/Fulltext.

    • Search Google Scholar
    • Export Citation
  • NCK Pharma Solution (2017): Mylan Settles Trastuzumab Patent Litigation with Genentech and Roche. Nckpharma.Com., March 15, 2017. (Accessed September 5, 2017. https://Nckpharma.Com/Index.Php/Mylan-Settles-Trastuzumab-Patent-Litigation-With-Genentech-And-Roche/).

    • Search Google Scholar
    • Export Citation
  • Neumann, P. J.Ganiats, Th. G.Russell, L. B.Sanders, G. D.Siegel, J. E. (2017) (eds): Cost Effectiveness in Health and Medicine. Oxford University Press.

    • Search Google Scholar
    • Export Citation
  • Nobelprize.Org. (2017): Youyou Tu –Facts. Nobel Media AB 2014. (Accessed: 12 Oct 2017, <http://Www.Nobelprize.Org/Nobel_Prizes/Medicine/Laureates/2015/Tu-Facts.Html>

    • Search Google Scholar
    • Export Citation
  • Ross-Degnan, D. – Lu, Ch. Y. – Chaiyakunapruk, N.Wagner, A. K. (2015): Policies and Programs to Facilitate Access to Targeted Cancer Therapies in Thailand. PLOS ONE (2015). http://Journals.Plos.Org/Plosone/Article?Id=10.1371/Journal.Pone.0119945.

    • Search Google Scholar
    • Export Citation
  • Singhroy, D.Love, J. (2016): Proposal for the Inclusion of Trastuzumab Emtansine (T-Dm1) in the WHO Model List of Essential Medicines for the Treatment of HER2-Positive Locally Advanced or Metastatic Breast Cancer. Knowledge Ecology International, December, 2016. (Accessed September 5, 2017. http://Www.Who.Int/Selection_Medicines/Committees/Expert/21/ Applications/S8_Trastuzumab_Emtansine.Pdf?Ua=1).

    • Search Google Scholar
    • Export Citation
  • Wait, S. (2016): Access to Immuno-Oncology Therapies – European Policy Perspective. The American Journal of Managed Care, 20(2). http://Www.Ajmc.Com/Journals/Evidence-Based-Oncology/2016/February-2016/Access-To-Immuno-Oncology-Therapies-European-Policy-Perspective/P-1.

    • Search Google Scholar
    • Export Citation
  • World Health Organization (2015): 19th WHO Model List of Essential Medicines. WHO.Int., April, 2015. (Accessed September 5, 2017. http://Www.Who.Int/Medicines/Publications/Essentialmedicines/ EML_2015_FINAL_Amended_NOV2015.Pdf?Ua=1).

    • Search Google Scholar
    • Export Citation
  • Xu, Ch. (2017): Capitalism and Socialism: A Review of Kornai’s Dynamism, Rivalry, and the Surplus Economy. Journal of Economic Literature, 55(1): 191208.

    • Search Google Scholar
    • Export Citation
  • Collapse
  • Expand
The author instructions are available in PDF.
Please, download the file from HERE.

 

The description of the refereeing procedure is available in PDF.
Please, download the file from HERE.

 

Senior editors

Editors-in-Chief: István P. Székely, Dóra Győrffy

Editor(s): Judit Ványai

Associate Editors

  • Péter Benczúr, Joint Joint Research Center, European Commission
  • Dóra Benedek, International Monetary Fund
  • Balázs Égert, OECD
  • Dániel Prinz, World Bank
  • Rok Spruk, University of Ljubljana, School of Economics and Business, Slovenia

Editorial Board

  • Anders Åslund, Georgetown University and Advisory Council of CASE, USA
  • István Benczes, Corvinus University of Budapest, Hungary 
  • Agnieszka Chłoń-Domińczak, SGH Warsaw School of Economics, Poland
  • Fabrizio Coricelli, University of Siena, Italy
  • László Csaba, Corvinus University of Budapest, Hungary and Central European University, Austria
  • Beáta Farkas, Faculty of Economics and Business Administration, University of Szeged, Hungary
  • Péter Halmai, Budapest University of Technology and Economics, and National University of Public Service, Hungary
  • Martin Kahanec, Central European University, Austria
  • Michael Landesmann, The Vienna Institute for International Economic Studies (WIIW), Austria
  • Péter Mihályi, Corvinus University of Budapest, Hungary
  • Debora Revoltella, European Investment Bank

Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary
E-mail: vanyai.judit@krtk.hu  

Indexing and Abstracting Services:

  • CABELLS Journalytics
  • EconLit
  • Elsevier GEO Abstracts
  • GEOBASE
  • Index Copernicus
  • International Bibliographies IBZ and IBR
  • JEL
  • Referativnyi Zhurnal
  • RePEc
  • SCOPUS
  • Social Science Citation Index

 

2023  
Web of Science  
Journal Impact Factor 0.7
Rank by Impact Factor Q3 (Economics)
Journal Citation Indicator 0.23
Scopus  
CiteScore 1.4
CiteScore rank Q3 (Economics and Econometrics)
SNIP 0.385
Scimago  
SJR index 0.218
SJR Q rank Q4

Acta Oeconomica
Publication Model Hybrid
Submission Fee none
Article Processing Charge 900 EUR/article
Printed Color Illustrations 40 EUR (or 10 000 HUF) + VAT / piece
Regional discounts on country of the funding agency World Bank Lower-middle-income economies: 50%
World Bank Low-income economies: 100%
Further Discounts Editorial Board / Advisory Board members: 50%
Corresponding authors, affiliated to an EISZ member institution subscribing to the journal package of Akadémiai Kiadó: 100%
Subscription fee 2025 Online subsscription: 700 EUR / 768 USD
Print + online subscription: 820 EUR / 900 USD
Subscription Information Online subscribers are entitled access to all back issues published by Akadémiai Kiadó for each title for the duration of the subscription, as well as Online First content for the subscribed content.
Purchase per Title Individual articles are sold on the displayed price.

Acta Oeconomica
Language English
Size B5
Year of
Foundation
1966
Volumes
per Year
1
Issues
per Year
4
Founder Magyar Tudományos Akadémia
Founder's
Address
H-1051 Budapest, Hungary, Széchenyi István tér 9.
Publisher Akadémiai Kiadó
Publisher's
Address
H-1117 Budapest, Hungary 1516 Budapest, PO Box 245.
Responsible
Publisher
Chief Executive Officer, Akadémiai Kiadó
ISSN 0001-6373 (Print)
ISSN 1588-2659 (Online)

Monthly Content Usage

Abstract Views Full Text Views PDF Downloads
Mar 2024 59 0 1
Apr 2024 23 0 0
May 2024 15 0 0
Jun 2024 14 0 0
Jul 2024 25 0 0
Aug 2024 56 0 0
Sep 2024 3 0 0