The Cost Disease

Author: William J. Baumol
Publisher: Yale University Press
ISBN: 9780300188486
Release Date: 2012-09-25
Genre: Business & Economics

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, 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 U.S. and other major industrial nations, then examining the underlying causes of the phenomenon, which have to do with the nature of providing labor-intensive services. The news is good, Baumol reassures, because the nature of the disease is such that society will be able to afford the rising costs.

Baumol s Cost Disease

Author: William J. Baumol
Publisher: Edward Elgar Publishing
ISBN: UOM:39015040369517
Release Date: 1997-01-01
Genre: Business & Economics

'Baumol is probably recognised more for his contribution to the economics of the performing arts than of scholarly communications. His observation of information technology is rarely cited when it should be. Even his sometime co-author, William G. Bowen, seems unaware of Baumol's diagnosis of the cost disease in academic libraries. Hopefully, the present volume will help remedy this gap.' - Albert Henderson, Publishing Research Quarterly '. . . there is value in having a set of significant and widely dispersed papers in one volume and the collection will clearly be a useful addition to reading lists on courses in cultural economics. . .' - Alan Hutton, the Economic Journal Baumol's Cost Disease is the inevitable escalation of the real costs that occur in labour-intensive industries like the arts, health care and education. the labour costs in these industries tend to increase at the same rate as other industries, but their scope for utilizing labour-saving technical progress is either small or non-existent.

The College Cost Disease

Author: Robert E. Martin
Publisher: Edward Elgar Publishing
ISBN: 9781849806176
Release Date: 2011-01-01
Genre: Study Aids

College cost per student has been on the rise at a pace that matches - or exceeds - healthcare costs. Unlike healthcare, though, teaching quality has declined, and rapidly rising costs and declining quality are not trends easily forgiven by society. The College Cost Disease addresses these problems, providing a behavioral framework for the chronic cost/quality consequences with which higher education is fraught. Providing many compelling insights into the issues plaguing higher education, Robert Martin expounds upon H. R. Bowen's revenue theory of cost by detailing experience good theory, the principal/agent problem, and non-profit status. Reputation competition dominates higher education. Students and their parents, and public opinion in general, associate higher tuition with higher quality and greater accolades; price is used as a proxy for quality only when consumers are uncertain about quality prior to purchase. Higher education services are the most complex types of ?experience goods'; a service whose quality can only be determined after a purchase has been made. Applying formal economic theory to higher education, Robert Martin examines how and why attempts to control costs are controversial and the damaging effects these controversies have on institutions' reputations. Arguing that the college access problem cannot be solved until colleges and universities find a way to control their costs, this book brings to the fore the leading ideas that will bring about much-needed budgetary reform in higher education.

Higher Education in the Digital Age

Author: William G. Bowen
Publisher: Princeton University Press
ISBN: 9781400866137
Release Date: 2015-01-25
Genre: Education

Two of the most visible and important trends in higher education today are its exploding costs and the rapid expansion of online learning. Could the growth in online courses slow the rising cost of college and help solve the crisis of affordability? In this short and incisive book, William G. Bowen, one of the foremost experts on the intersection of education and economics, explains why, despite his earlier skepticism, he now believes technology has the potential to help rein in costs without negatively affecting student learning. As a former president of Princeton University, an economist, and author of many books on education, including the acclaimed bestseller The Shape of the River, Bowen speaks with unique expertise on the subject. Surveying the dizzying array of new technology-based teaching and learning initiatives, including the highly publicized emergence of "massive open online courses" (MOOCs), Bowen argues that such technologies could transform traditional higher education--allowing it at last to curb rising costs by increasing productivity, while preserving quality and protecting core values. But the challenges, which are organizational and philosophical as much as technological, are daunting. They include providing hard evidence of whether online education is cost-effective in various settings, rethinking the governance and decision-making structures of higher education, and developing customizable technological platforms. Yet, Bowen remains optimistic that the potential payoff is great. Based on the 2012 Tanner Lectures on Human Values, delivered at Stanford University, the book includes responses from Stanford president John Hennessy, Harvard University psychologist Howard Gardner, Columbia University literature professor Andrew Delbanco, and Coursera cofounder Daphne Koller.

The College Cost Disease

Author: Robert E. Martin
Publisher: Edward Elgar Publishing
ISBN: 9781849806176
Release Date: 2011-01-01
Genre: Study Aids

College cost per student has been on the rise at a pace that matches - or exceeds - healthcare costs. Unlike healthcare, though, teaching quality has declined, and rapidly rising costs and declining quality are not trends easily forgiven by society. The College Cost Disease addresses these problems, providing a behavioral framework for the chronic cost/quality consequences with which higher education is fraught. Providing many compelling insights into the issues plaguing higher education, Robert Martin expounds upon H. R. Bowen's revenue theory of cost by detailing experience good theory, the principal/agent problem, and non-profit status. Reputation competition dominates higher education. Students and their parents, and public opinion in general, associate higher tuition with higher quality and greater accolades; price is used as a proxy for quality only when consumers are uncertain about quality prior to purchase. Higher education services are the most complex types of ?experience goods'; a service whose quality can only be determined after a purchase has been made. Applying formal economic theory to higher education, Robert Martin examines how and why attempts to control costs are controversial and the damaging effects these controversies have on institutions' reputations. Arguing that the college access problem cannot be solved until colleges and universities find a way to control their costs, this book brings to the fore the leading ideas that will bring about much-needed budgetary reform in higher education.

Why Does College Cost So Much

Author: Robert B. Archibald
Publisher: Oxford University Press
ISBN: 9780190214104
Release Date: 2014-08
Genre: Business & Economics

For much of the past century college tuition has risen more rapidly than the inflation rate. Unlike many analyses of higher education, Archibald and Feldman show how broad economic factors have combined to push up cost. These forces are largely out of the control of colleges and universities.

When the Body Says No

Author: Gabor Mate
Publisher: John Wiley & Sons
ISBN: 9780470923351
Release Date: 2011-01-05
Genre: Health & Fitness

1 The Bermuda Triangle 2 The Little Girl Too Good to Be True 3 Stress and Emotional Competence 4 Buried Alive 5 Never Good Enough 6 You Are Part of This Too, Mom 7 Stress, Hormones, Repression and Cancer 8 Something Good Comes Out of This Is There a "Cancer Personality"? 10 The 55 Per Cent Solution 11 It's All in Her Head 12 I Shall Die First from the Top 13 Self or Non-Self: The Immune System Confused 14 A Fine Balance: The Biology of Relationships 15 The Biology of Loss 16 The Dance of Generations 17 The Biology of Belief 18 The Power of Negative Thinking 19 The Seven A's of Healing Notes Resources Acknowledgments Index

The Next Twenty five Years of Public Choice

Author: Charles Rowley
Publisher: Springer Science & Business Media
ISBN: 9789401734028
Release Date: 2013-03-09
Genre: Political Science

The Next 25 Years of Public Choice brings together the perspectives of many of the world's leading scholars of public choice on the present state of knowledge and the likely future course of scholarship on public choice and constitutional economy. This book presents material in a manner accessible to a wide educated readership and will be influential in guiding future research in this important field. It is directed at professional scholars of public choice, economics and political science, government officials, graduate students and anyone seriously interested in public policy. A distinguished group of internationally well-known scholars offer their own often far-reaching views on strengths and weaknesses in the current literature and pinpoint important avenues of research amenable to future research.

The Complete Idiot s Guide to Thyroid Disease

Author: Dr. Alan Christianson
Publisher: Penguin
ISBN: 9781101478639
Release Date: 2011-02-01
Genre: Health & Fitness

Controlling health when metabolism is out-of-control. The thyroid is the body's energy center, working to set the metabolism. It can be underactive or work too fast. It is susceptible to cancer and other health issues, more often in women than men. And its symptoms are varying and hard to identify. The Complete Idiot's Guide to Thyroid Disease sifts through the vast amount of conflicting advice to help readers learn how to seek appropriate treatment for their individual situation. ? Covers Hypothyroidism and Hyperthyroidism, as well as Goiter, Graves' Disease, Hashimoto's Disease, Thyroid Cancer, and adrenal gland diseases ? Thyroid's role in PMS, infertility, and postpartum depression

Art and Value

Author: Dave Beech
Publisher: BRILL
ISBN: 9789004288157
Release Date: 2015-03-27
Genre: Political Science

Art and Value is the first comprehensive analysis of art's economics. Key debates in classical, neoclassical and Marxist theories of art are subjected to an exacting critique. The book concludes with a new Marxist theory of art's economic exceptionalism.

The Vaccine Race

Author: Meredith Wadman
Publisher: Penguin
ISBN: 9780698177789
Release Date: 2017-02-07
Genre: Science

“Riveting . . . [The Vaccine Race] invites comparison with Rebecca Skloot's 2007 The Immortal Life of Henrietta Lacks.”—Nature “This is a story about the war against disease—a war without end—and the development of enormously important vaccines, but in telling that story, in showing how science works, Meredith Wadman reveals much more. I loved this book.” —John M. Barry, New York Times bestselling author of The Great Influenza The epic and controversial story of a major breakthrough in cell biology that led to the conquest of rubella and other devastating diseases. Until the late 1960s, tens of thousands of American children suffered crippling birth defects if their mothers had been exposed to rubella, popularly known as German measles, while pregnant; there was no vaccine and little understanding of how the disease devastated fetuses. In June 1962, a young biologist in Philadelphia, using tissue extracted from an aborted fetus from Sweden, produced safe, clean cells that allowed the creation of vaccines against rubella and other common childhood diseases. Two years later, in the midst of a devastating German measles epidemic, his colleague developed the vaccine that would one day wipe out homegrown rubella. The rubella vaccine and others made with those fetal cells have protected more than 150 million people in the United States, the vast majority of them preschoolers. The new cells and the method of making them also led to vaccines that have protected billions of people around the world from polio, rabies, chicken pox, measles, hepatitis A, shingles and adenovirus. Meredith Wadman’s masterful account recovers not only the science of this urgent race, but also the political roadblocks that nearly stopped the scientists. She describes the terrible dilemmas of pregnant women exposed to German measles and recounts testing on infants, prisoners, orphans, and the intellectually disabled, which was common in the era. These events take place at the dawn of the battle over using human fetal tissue in research, during the arrival of big commerce in campus labs, and as huge changes take place in the laws and practices governing who “owns” research cells and the profits made from biological inventions. It is also the story of yet one more unrecognized woman whose cells have been used to save countless lives. With another frightening virus imperiling pregnant women on the rise today, no medical story could have more human drama, impact, or urgency today than The Vaccine Race.

Drivers of Health Care Expenditure What Role Does Baumol s Cost Disease Play 1

Author:
Publisher:
ISBN: OCLC:1028159079
Release Date: 2017
Genre:

Abstract : Objectives: We devise an instrument to test for Baumol's cost disease in healthcare. Baumol's cost disease is a price effect that is assumed to be a major determinant of the secular rise in health‐care expenditure (HCE). Methods: This price effect is notoriously difficult to estimate as the construction of medical price indices is flawed. However, our instrument—the adjusted Baumol variable—avoids this problem as we do not rely on medical price indices. We apply this instrument to a panel data set of 20 OECD countries ranging from 1970 to 2010. Results: Baumol's cost disease partly affects healthcare. We estimate that the cost disease exerts from 15 to 40 percent of its potential full effect on HCE. Conclusions: Policymakers have more leeway to curb ever‐increasing HCE than is suggested by the literature. Our instrument is also well suited to investigate other possibly affected sectors such as the government or education.

Bitter sea

Author: Akio Mishima
Publisher: Kosei Publishing Company
ISBN: STANFORD:36105000386552
Release Date: 1992
Genre: Medical


Insights Into Lyme Disease Treatment

Author: Connie Strasheim
Publisher: BioMed Publishing Group
ISBN: 9780982513804
Release Date: 2009-09-01
Genre: Medical

Health care journalist Connie Strasheim has conducted intensive interviews with thirteen of the world's most competent Lyme disease healers, asking them thoughtful, important questions, and then spent months compiling their information into organized, user-friendly chapters that contain the core principles upon which they base their medical treatment of chronic Lyme disease. --publisher.

Chronic Obstructive Lung Diseases

Author: Norbert F. Voelkel
Publisher: PMPH-USA
ISBN: 1550091336
Release Date: 2002
Genre: Medical

This brand new text has been written by internationally renowned authors at the front lines of pulmonary medicine research. COPD is a problem of increasing global importance, and this reference successfully brings together all the latest developments in the field in a single volume. It focuses particularly on the pathobiology of COPD and treatment options available.