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.

• We started tracking this book on January 20, 2015.
• This book was £13.24 when we started tracking it.
• The price of this book has changed 160 times in the past 3,581 days.
• The current price of this book is £15.33 last checked 5 hours ago.
• This lowest price this book has been offered at in the past year is £12.24.
• The lowest price to date was £10.38 last reached on January 6, 2021.
• This book has been £10.38 one time since we started tracking it.
• The highest price to date was £18.99 last reached on June 18, 2019.
• This book has been £18.99 one time since we started tracking it.

• Science & MathsMedicineAdministration & Policy
• Business & InvestingEconomics
• Education & ReferenceEducationEducation Theory

• Text-to-Speech: Enabled
• Lending: Disabled
• Print Length: 272 Pages
• File Size: 2,026 KB