[Excerpted from Compulsory Medical Care and the Welfare State] “Utopias are realizable. Life marches toward the Utopias. And perhaps a new century begins, a century in which the intellectuals and the...
Melchior Palyi
Melchior Palyi (1892–1970) was an American citizen of Hungarian descent — a distinguished, internationally recognized educator, author, economist, and financial expert. He taught in the Universities of Kiel, Goettingen, and Berlin. In 1928 he was appointed chief economist to the Deutsch Bank in Berlin. From 1931 to 1933 he served in the capacity of scientific advisor to the Reichsbank of Germany. In the United States, he taught at the Universities of Chicago, Wisconsin, and Northwestern. He acquired a national reputation as a scientific and popular writer, public lecturer, radio commentator and consulting economist.
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Governmentalized health services sooner or later run into the iron curtain of mountainous costs. The easiest way out is to curtail honoraria, denouncing the doctors as profiteers.
[Excerpted from chapter 2 of Compulsory Medical Care and the Welfare State (1950)] Obligatory health insurance started moderately enough — in Prussia. Compulsion under a law of 1845 was left in the...
