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Monday, 16 March 2015

Baumol foresaw that we as a society would have to make difficult choices about the consequences of "cost disease."

http://www.dailyfinance.com/2010/12/11/americas-economic-illness-baumols-dis/#articleHeader

Baumol foresaw that we as a society would have to make difficult choices about the consequences of "cost disease." The title of his 1993 paper sums the problem up: Health Care, Education and the Cost Disease: A Looming Crisis for Public Choice.

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