The Cost Disease

Editorial Reviews Review "A provocative and timely critique of the fallacies in the conventionalwisdom that we can no longer afford good education and decent health care."—Sir Harold Evans, author ofThey Made America
(Sir Harold Evans 20120206)
“In this important book, William Baumol and his co-authors have shown how divergent productivity trends have profound implications for how society deals with increasingly expensive sectors like education and health.”—William Nordhaus,Sterling Professor of Economics at Yale University
(William Nordhaus )
“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 SmithNew York Post20120924)