esource stewardship" is recognized as a key social value in Canada's health system. This is enshrined in both legislation 1 and a variety of reform initiatives. 2,3 Canadians want a health system that meets their needs, is inform ed by evidence and fair, but also one that uses Canadian resources wisely. Cost-effectiveness analysis is one way to think rationally about resource allocation. Cost-effectiveness analysis is now used widely in both low-and high-income countries to inform decisions about drugs, vaccines, medical devices and health programs. In Canada, the Canadian Agency for Drugs and Technologies in Health (CADTH) Common Drug Review and the Ontario Health Technology Advisory Committee are examples of groups that use this analysis for decisions about coverage and reimbursement. Most clinical practice guideline and advisory groups, though, do not use cost-effectiveness analysis. Some consider these analyses to be low-quality evidence. 4 High-impact general medical journals tend to publish few economic analyses. One reason, perhaps, is that cost-effectiveness is not considered to be reliable or scientific by journal editors and guideline developers trained in epidemiologic methods. Randomized controlled trials are often considered to be the highest form of evidence, because the findings of a well-conducted trial are assumed to be reliable and tell us something "true" about the world. Cost-effectiveness analysis, on the other hand, has a lingering reputation of being an unscientific technique for integrating data of varying quality and dubious provenance, having once been described as building "aerial palaces of decision analysis" amidst the "haze of Bayes." 5 But is this still justified? Canada spends more than one-tenth of its national wealth on health care and the United States spends nearly a fifth. 6 Advances in science and technology, an aging population, thirdparty payment and increasing medical specialization are driving costs upward. We need a way to make rational decisions about costs in relation to benefits to patients and society. We argue that cost-effectiveness analysis is in fact scientific. It is the science of value in health, a valuable tool for integrating evidence about resource use into health decision-making. We discuss how cost-effectiveness analysis can inform decisions in a world where patients demand access to promising drugs, physicians demand to use the latest technology, the private sector demands support for innovation, and even the public sector hopes to use health spending to drive economic growth.