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

No customer reviews yet ISBN 9780300198157 Yale University Press
Published
Sep 2013
Language
English
Size
7.8 × 5.1 × 0.7 in
$29.18
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Brand New

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About this book

Why are the costs of health care and higher education rising so dramatically? How can we keep them affordable for lower- and middle-income American families?

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, the 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 United States and other major industrial nations, then examining the underlying causes, which have to do with the nature of providing labor-intensive services. The news is good, Baumol reassures us, because the nature of the disease is such that society will be able to afford the rising costs.

Specifications

PublisherYale University Press
PublishedSep 24, 2013
ISBN-100300198159
ISBN-139780300198157
Pages249
LanguageEnglish
Dimensions7.8 × 5.1 × 0.7 in
Weight1 lb

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