Welcome to Economic Lens, where health topics are explored through a health economics lens for economists and non-economists alike.

The Economic Costs of Mental Health

Impact of COVID-19 on Mental Health There has been considerable debate about the economic impact of COVID-19 on mental health [1]. Pan-European figures from YouGov suggest that the UK has been particularly badly affected. Almost two-thirds of the respondents reported...

Economics and Value-Based Healthcare

Responses to last week’s blog on efficiency prompted me to turn my attention to the wider issue of value.Economists generally think the value of a good or service is synonymous with the market price. In traditional, neoclassical economics, markets are an efficient way...

Treating People as Assets, Not Costs

An economic case for workforce planning Overview In this article, we’ll argue that, despite recent history, treating healthcare staff as a cost and not an asset needs to be reversed when developing workforce plans and approaches in 2022. Currently, many organisations...

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