The Cost Disease: Why Computers Get Cheaper and Health Care Doesn't

Business & Finance, Economics, Inflation, Economic Conditions, Theory of Economics
Cover of the book The Cost Disease: Why Computers Get Cheaper and Health Care Doesn't by William J. Baumol, Monte Malach, Ariel Pablos-Mendez, Lillian Gomory Wu, Yale University Press
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Author: William J. Baumol, Monte Malach, Ariel Pablos-Mendez, Lillian Gomory Wu ISBN: 9780300188486
Publisher: Yale University Press Publication: September 25, 2012
Imprint: Yale University Press Language: English
Author: William J. Baumol, Monte Malach, Ariel Pablos-Mendez, Lillian Gomory Wu
ISBN: 9780300188486
Publisher: Yale University Press
Publication: September 25, 2012
Imprint: Yale University Press
Language: English
The exploding cost of health care in the United States is a source of widespread alarm. Similarly, the upward spiral of college tuition fees is cause for serious concern. In this concise and illuminating book, well-known economist William J. Baumol explores the causes of these seemingly intractable problems and offers a surprisingly simple explanation. Baumol identifies the "cost disease" as a major source of rapidly rising costs in service sectors of the economy. Once we understand that disease, he explains, effective responses become apparent.
 
Baumol presents his analysis with characteristic clarity, tracing the fast-rising prices of health care and education in the U.S. and other major industrial nations, then examining the underlying causes of the phenomenon, which have to do with the nature of providing labor-intensive services. The news is good, Baumol reassures, because the nature of the disease is such that society will be able to afford the rising costs.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
The exploding cost of health care in the United States is a source of widespread alarm. Similarly, the upward spiral of college tuition fees is cause for serious concern. In this concise and illuminating book, well-known economist William J. Baumol explores the causes of these seemingly intractable problems and offers a surprisingly simple explanation. Baumol identifies the "cost disease" as a major source of rapidly rising costs in service sectors of the economy. Once we understand that disease, he explains, effective responses become apparent.
 
Baumol presents his analysis with characteristic clarity, tracing the fast-rising prices of health care and education in the U.S. and other major industrial nations, then examining the underlying causes of the phenomenon, which have to do with the nature of providing labor-intensive services. The news is good, Baumol reassures, because the nature of the disease is such that society will be able to afford the rising costs.

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