The rising cost of healthcare is a global phenomenon. Why? Because the relative productivity of labour intensive industries inevitably – and inexorably – declines. Computers get cheaper; healthcare doesn’t. It’s a simple idea, now proven by historic data and in need of appreciation. The cost disease allows – encourages, even – affordable increases in spending on health. Though incisive, Baumol’s book inevitably labours this central argument. But to understand trade-offs in public spending you need a firm grasp of the cost disease. This book provides a means to that end, and delivers important context for any discussion about healthcare, education, economics and politics.
Amazon / Wikipedia / Yale University Press
The Cost Disease: Why Computers Get Cheaper and Health Care Doesn’t
Paperback, 288 pages, ISBN 9780300198157, published 18 October 2013
An emotive defence of the society denied to us by neoliberalism. Tales from Harry’s 91 years are woven into a fact-of-the-matter narrative of today’s status quo. From upsetting accounts of a hungry childhood in the Great Depression to triumphs of love against the odds. Parallels are drawn between our brutal past and today’s social malaise, with striking effect. Harry’s angry and disturbed, but most of all he’s worried. Is society so inflicted by the wilful myopia and amnesia of government that Britain’s post-war progress will be completely undone? Harry’s seen this before, and we should listen.
Amazon / Google Books / Icon Books
Harry’s Last Stand: How the World My Generation Built is Falling Down, and What We Can Do to Save it
Hardback, 224 pages, ISBN: 9781848317369, published 5 June 2014
I found this IEA publication very difficult to read, because almost every paragraph is flawed; sometimes logically, often evidentially and at times morally. The book takes what any undergrad might learn in Econ101 and applies it to current challenges and policy responses in health and climate change. All with gusto and arrogance. Whyte has little regard for the policy context, or for much of economic thought from the last 40 years. Most arguments depend on false analogies, which are painful to read. In the author’s own words: “Science progresses by ignoring mere opinion, expert or otherwise”. Thank goodness for that.