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The Cost Disease - Why Computers Get Cheaper and Health Care Doesn't (Paperback)
Loot Price: R717
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The Cost Disease - Why Computers Get Cheaper and Health Care Doesn't (Paperback)
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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.
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