Description: In Veterinary Medicine in Economic Transition, Professor Malcolm Getz challenges positive forecasts and states that the market for veterinarians is already saturated and will continue to be so for the next decade. He uses college economics and common statistical methods to offer a unique explanation of the sources of these changes and their consequences. Professor Getz includes an original, empirical estimate of the demand for veterinarians in private practice of changes in aggregate supply, and the rate of return to the DVM degree. He discusses the geography of competition in private practice and the changes in how agricultural services are reaching livestock. Most importantly, Getz concludes with solutions for the veterinary industry, higher education, and state legislatures that, though they may be resisted, may be necessary for the well-being of the profession. Veterinary Medicine in Economic Transition is essential reading for those planning to enter veterinary school, for veterinarians seeking to understand the economic forces that are impacting their livelihood, for university presidents and deans responsible for funding and managing the schools of veterinary medicine, and for economists and planners interested in the possible overproduction by higher education and its consequences.

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