What if the constant panic about the rising costs of health care and higher education in America were somewhat unfounded? What would this entail for this country? A giant, collective sigh of relief?
This is the premise of famous economist, Willian J. Baumol’s new book, The Cost Disease: Why Computers Get Cheaper and Health Care Doesn’t. He argues that these exponentially rising costs stem from the need for human labor; health care and education cannot be mechanically run.