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Book review: the cost disease: why computers get cheaper and health care doesn’t

Larkin, Edward (2012) Book review: the cost disease: why computers get cheaper and health care doesn’t. LSE Review of Books (09 Nov 2012). Blog Entry.

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Abstract

The exploding cost of health care is a source of widespread alarm. Similarly, the upward spiral of tuition fees is cause for serious concern. In this concise and illuminating book, economist William 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. Edward Larkin finds Baumol’s interpretation of rising health care costs compelling; a must-read for policymakers.

Item Type: Online resource (Blog Entry)
Official URL: http://blogs.lse.ac.uk/lsereviewofbooks/
Additional Information: © 2012 The Author; Online
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
R Medicine > R Medicine (General)
Sets: Collections > LSE Review of Books
Date Deposited: 05 Jun 2013 12:58
Last Modified: 12 Jun 2019 23:16
URI: http://eprints.lse.ac.uk/id/eprint/50597

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