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

2012 William J. Baumol ;ISBN: 9780300179286 ;ISBN: 0300179286 ;ISBN: 030018848X ;ISBN: 9780300188486 ;EISBN: 030018848X ;EISBN: 9780300188486 ;OCLC: 811206317

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Title:
The Cost Disease: Why Computers Get Cheaper and Health Care Doesn't
Author: Baumol, William J ; Malach, Monte ; Pablos-Méndez, Ariel ; Wu, Lilian Gomory ; Tabish, Hilary
Subjects: 21st century ; Business ; College costs ; Cost control ; Cost of education ; Costs ; Economic theory ; Economics ; Finance ; Health economics ; Medical care ; Medical care, Cost of ; Price rises ; Price theory ; Prices ; Service industries ; Service industry ; U.S.A ; United States
Description: 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.
Publisher: New Haven: Yale University Press
Creation Date: 2012
Format: 288
Language: English
Identifier: ISBN: 9780300179286
ISBN: 0300179286
ISBN: 030018848X
ISBN: 9780300188486
EISBN: 030018848X
EISBN: 9780300188486
OCLC: 811206317
Source: Ebook Central Academic Complete

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

2012 William J. Baumol ;ISBN: 9780300179286 ;ISBN: 0300179286 ;ISBN: 030018848X ;ISBN: 9780300188486 ;EISBN: 030018848X ;EISBN: 9780300188486 ;OCLC: 811206317

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