PEDIATRICS Vol. 51 No. 2 February 1973, pp. 326-327
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The Rising Cost of Hospital Care, by Martin S. Feldstein. Washington: Information Resources Press, 1971, 88 pp., $4.25

Leonard W. Cronkite Jr. M.D.1

1 Boston, Massachusetts

Dr. Feldstein has produced an essay of extraordinary clarity for the lay reader. He bravely tackles the incredibly complex issue of hospital economics. He analyzes the course of hospital cost inflation during the past 20 years and attempts to define the underlying causes. Unlike many economists he does not fall into the trap of comparing hospitals with other industries nor does he try to apply the simplistic laws of supply and demand as they apply to the manufacturer of goods.


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