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    The Cost Disease: Why Computers Get Cheaper and Health Care Doesn't (Paperback) By (author) William J. Baumol, Contributions by David M De Ferranti, Contributions by Monte Malach, Contributions by Ariel Pablos-mendez, Contributions by Hilary Tabish, Contributions by Lilian Gomory Wu

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    DescriptionThe 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 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 labour-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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  • Full bibliographic data for The Cost Disease

    The Cost Disease
    Why Computers Get Cheaper and Health Care Doesn't
    Authors and contributors
    By (author) William J. Baumol, Contributions by David M De Ferranti, Contributions by Monte Malach, Contributions by Ariel Pablos-mendez, Contributions by Hilary Tabish, Contributions by Lilian Gomory Wu
    Physical properties
    Format: Paperback
    Number of pages: 288
    Width: 130 mm
    Height: 196 mm
    Thickness: 18 mm
    Weight: 181 g
    ISBN 13: 9780300198157
    ISBN 10: 0300198159

    BIC geographical qualifier V2: 1KBB
    B&T Book Type: NF
    BIC E4L: ECO
    Nielsen BookScan Product Class 3: S4.5
    B&T Modifier: Region of Publication: 01
    B&T Modifier: Academic Level: 05
    B&T Modifier: Subject Development: 10
    B&T General Subject: 180
    B&T Modifier: Geographic Designator: 01
    Ingram Subject Code: BE
    Libri: I-BE
    Warengruppen-Systematik des deutschen Buchhandels: 27830
    BISAC V2.8: BUS022000
    B&T Approval Code: A45560000
    B&T Merchandise Category: UP
    BISAC V2.8: MED035000, BUS044000, BUS069030
    LC subject heading:
    BISAC V2.8: EDU015000
    BIC subject category V2: 1KBB
    B&T Approval Code: G45706000
    BIC subject category V2: KCQ
    BISAC V2.8: BUS031000
    DC22: 338.520973
    LC subject heading:
    BISAC V2.8: EDU013000
    DC22: 338.5/20973
    DC23: 338.433621
    LC classification: HB235.U6 B29 2012
    LC subject heading:
    Thema V1.0: KCVJ
    Illustrations note
    20 black-&-white illustrations
    Yale University Press
    Imprint name
    Yale University Press
    Publication date
    18 October 2013
    Publication City/Country
    New Haven
    Author Information
    William Baumol is professor of economics and academic director of the Berkley Center for Entrepreneurship and Innovation, New York University, and professor emeritus, Princeton University. He is the author of more than forty books, has been awarded a dozen honorary degrees, and is a member of several honorary societies, including the National Academy of Sciences, the American Philosophical Society, and Galileo's Accademia Nazionale dei Lincei in Rome.
    Review quote
    "'A provocative and timely critique of the fallacies in the conventional wisdom that we can no longer afford good education and decent health care.' (Sir Harold Evans, author of They Made America) 'It's a testament to Professor Baumol's lucid prose, though, that economists and noneconomists alike will find it easy to grasp his surprisingly comforting argument for why we shouldn't panic... This book is a quick read, packed with charts and case studies. But it is the author's command of storytelling that makes it not just digestible but also enjoyable.' (Amy Wallace, The New York Times)"