The basic premise of the book seemed so intriguing.
With regard to some of these considerations, he remarks that a "nonlinear" model would probably not materially change the "linear" model he uses.
To the extent that rising US costs are not due to cost disease, we should have good opportunities for cost reduction.
I'd give this great book five stars if I understood physics, but I don't. Even without a full understanding of physics, the fundamental themes are well explained. Read morePublished 15 months ago by Stan Crader
This book is embarrassingly bad, yet it had the potential to be a vital and necessary reference for policy makers, particularly in health care and education (it almost exclusively... Read morePublished 15 months ago by Kevin Peppard
The economic foundations of the book are very well described and easy to understand, even for non-economists. Read morePublished 16 months ago by Pierre MORGON
Baumol's cost disease is one of the most interesting and important results of modern economic research. Read morePublished 17 months ago by R. Albin
Outstanding analysis by an economist who keeps on writing and getting it right. I say this without prejudice although he was my professor at Princeton who helped me get a job... Read morePublished 17 months ago by Lacey T. Smith
Bottom line is US productivity will take care of the cost disease which tends to affect what the authrs consider worthy public goods, health care especially, also education. Read morePublished 18 months ago by Richard P. Nathan
The concept is very important and there is a great deal of useful information, but I found the writing poor quality. Read morePublished 19 months ago by Peter H. Elias
The service and the manufacturing sector are two very different animals. One cannot compare productivity growth and draw the conclusion that health care will swallow the whole US... Read morePublished 19 months ago by Swede
The cost disease asserts that costs of health care, education, live performing arts, and other activities known as 'personal services' rise at a rate significantly greater than... Read morePublished 19 months ago by Loyd E. Eskildson