You can listen to this audiobook in formats: FLAC, MP3, MPEG-4 ALS, Musepack, WMA, MPEG4, WAV, TTA (compression ZIP, RAR, TAR.Z, CHM, TAR.7Z, ACE)
Total pages original book: 272
Includes a PDF summary of 29 pages
Duration of the summary (audio): 21M33S (5.8 MB)
Description or summary of the audiobook: 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.
Other categories, genre or collection: Economics, Economic Theory & Philosophy, Funding Of Education & Student Finance, Monetary Economics, Higher & Further Education, Tertiary Education