"A provocative and timely critique of the fallacies in the conventional wisdom that we can no longer afford good education and decent health care."-Sir Harold Evans, author of They Made America -- Sir Harold Evans "It's a testament to Professor Baumol's lucid prose, though, that economists and noneconomists alike will find it easy to grasp his surprisingly comforting argument for why we shouldn't panic...This book is a quick read, packed with charts and case studies. But it is the author's command of storytelling that makes it not just digestible but also enjoyable."-Amy Wallace, The New York Times -- Amy Wallace The New York Times "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 Smith New York Post "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 "An excellent book that puts to the sword many health care myths... [A] necessary read for anyone who is engaged in health care costs."-Lancet Oncology Lancet Oncology
About the Author
William J. Baumol is professor of economics and academic director of the Berkley Center for Entrepreneurship and Innovation, New York University, and professor emeritus, Princeton University. He lives in New York City.