Title
The Cost Disease: Why Computers Get Cheaper and Health Care Doesn't,New
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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 wellknown 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 fastrising 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 laborintensive 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.
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- Q: What is 'The Cost Disease' about? A: The book explores the rising costs of health care and college tuition in the United States, identifying the 'cost disease' as a key factor contributing to these issues.
- Q: Who is the author of this book? A: The author is William J. Baumol, a well-known economist recognized for his insights into economic issues.
- Q: What are the key themes discussed in the book? A: The book discusses the nature of labor-intensive services, the underlying causes of rising costs, and suggests effective responses to these issues.
- Q: How many pages does the book have? A: The book has a total of 272 pages.
- Q: What is the binding type of this book? A: This book is available in hardcover binding.
- Q: When was 'The Cost Disease' published? A: The book was published on September 25, 2012.
- Q: Is this book suitable for someone without an economics background? A: Yes, Baumol presents his analysis with clarity, making it accessible to readers without a formal economics background.
- Q: What condition is the used book in? A: The used book is described as being in good condition.
- Q: Is there a specific edition of the book? A: Yes, this is the first edition of 'The Cost Disease'.
- Q: What is the main takeaway from the book? A: The main takeaway is that understanding the 'cost disease' can lead to effective solutions for managing rising costs in health care and education.