Q. What Killed the Big Bands? A. The Cost Disease!
I love going to thrift stores and flea markets. Mainly it’s the thrill of potentially finding something I might actually be looking for, but more often than not it’s the […]
Tag Archives: Baumol’s Cost Disease
It still takes the same number of musicians to play “Hey Jude” now as it did for the Beatles
Found a blog referencing this piece I read last year when it came out. This quote, in particular, summarizes Baumol’s Cost Disease: Dr. Baumol and a colleague, William G. Bowen, […]
the economics of underserved audiences (part 3): Baumol’s Curse and Liberation from Local Arts Organizations
William J. Baumol and William G. Bowen first described what is sometimes called Baumol’s cost disease in the Performing Arts in 1966. The gist of the cost disease (which is […]
