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OverviewWhy 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. Full Product DetailsAuthor: William J. Baumol , David de Ferranti , Monte Malach , Ariel Pablos-MéndezPublisher: Yale University Press Imprint: Yale University Press Dimensions: Width: 12.90cm , Height: 0.20cm , Length: 21.00cm Weight: 0.299kg ISBN: 9780300198157ISBN 10: 0300198159 Pages: 272 Publication Date: 24 September 2013 Audience: College/higher education , Professional and scholarly , Undergraduate , Postgraduate, Research & Scholarly Format: Paperback Publisher's Status: Active Availability: Out of stock  The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of ContentsReviewsIt'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./i> --Amy Wallace The New York Times 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 <br> <br><br>--Sir Harold Evans (02/06/2012) 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 -- Sir Harold Evans 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 -- Amy Wallace The New York Times Health-care costs are huge, and still rising. Based on current trends, in 2105 US health care will consume 62% of our national income. And this is nothing to worry about. How can this be? Relying primarily on simple logic and storytelling, NYU economist William J. Baumol lays out the answer in his new book. -Kyle Smith, New York Post -- Kyle Smith New York Post Author InformationWilliam J. 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 lives in New York City. Tab Content 6Author Website:Countries AvailableAll regions |
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