IDEAS home Printed from https://ideas.repec.org/a/wly/mgtdec/v1y1980i1p37-41.html
   My bibliography  Save this article

Economic misconceptions in the pharmaceutical industry

Author

Listed:
  • George Teeling‐Smith

Abstract

The pharmaceutical industry has failed to defend itself effectively against criticisms of its economic behaviour, because it has largely failed to understand the factors affecting its own economic structure. These concern the importance of competitive research and pricing, and the need to protect and nurture the fruits of its innovation by the use of patents, brand names and sales promotion. There is still need for a better understanding of the importance of these factors both outside the industry and amongst its own staff, if its contribution to modern medical technology is not to be stifled by irrational criticisms and controls.

Suggested Citation

  • George Teeling‐Smith, 1980. "Economic misconceptions in the pharmaceutical industry," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 1(1), pages 37-41, March.
    • Handle: RePEc:wly:mgtdec:v:1:y:1980:i:1:p:37-41
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1002/mde.4090010107
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:mgtdec:v:1:y:1980:i:1:p:37-41. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www3.interscience.wiley.com/cgi-bin/jhome/7976 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.