Drugs and drug prices -- The American way to discover drugs -- The drug industry today -- Are drug companies risky? -- How not to lower drug prices -- Squandering R&D resources -- How to lower drug prices -- Our solution in detail

"The NBER Bulletin on Aging and Health provides summaries of publications like this. You can sign up to receive the NBER Bulletin on Aging and Health by email. The landmark Waxman-Hatch Act of 1984 represented a "grand compromise" legislation that sought to balance incentives for innovation by...