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Previous Volume 336:1194-1195 April 17, 1997 Number 16

	Since this article has no abstract, we have provided an extract of the first 100 words of the full text and any section headings.

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Edited by Marthe R. Gold, Joanna E. Siegel, Louise B. Russell, and Milton C. Weinstein. 425 pp. New York, Oxford University Press, 1996. $47.50. ISBN 0-19-510824-8.

Cost-effectiveness analysis has created excitement as a possible way of meeting health care's most pressing challenge, the rationing of scarce resources. This book is by a panel of 16 nongovernment scholars, including four physicians, who were convened by the Public Health Service in 1993. The nine well-referenced chapters all include plainly stated summaries, conclusions, and recommendations, although some figures are difficult to follow. The book deals only with cost-effectiveness analysis and not with other forms of economic analysis, such as cost–benefit analysis. Cost-effectiveness analysis studies costs in terms of nonmonetary outcome, whereas cost–benefit analysis reduces all events and outcomes to . . . [Full Text of this Article]

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