David Kaun, Seeing the Future While Blinded by the Present, The Solutions Journal, Volume 6, Issue 2, March 2015, Pages 72-74 (https://www.thesolutionsjournal.com/article/seeing-the-future-while-blinded-by-the-present/) Abstract: When browsing among the shelves at the local book store, The Cost Disease is apt to be a turnoff for those looking for an upbeat read. In a sense, this would be a serious error, and a daring reader would soon discover that in less than a century, "the amounts we can consume of virtually everything will have gone up about 700 percent." Real income per capita in 2010, the time the book was written, was a bit over US $49k, implying a real income for our not-too-distant ancestors of close to US $350k. Per capita! No, The Cost Disease (hereafter, CD) is not located in the Science Fiction section. Indeed, its primary author, Willam J Baumol, is a distinguished economics professor, currently at NYU, professor emeritus at Princeton, and come every October, among those mentioned as deserving of a Nobel Prize in economics. If, in fact, this were to come to fruition, then one of the major preoccupations in the advanced economies would be, namely, whether the cost of health care and other … Topics: Economy; Globalization