The Pop Music Industry and the Cost Disease

"[C]ost disease studies usually select opera, theater, and the symphony orchestra. Cost disease proponents display an unjustified bias towards 'high culture.' We also should consider today's cultural winners, such as rock and roll, country music, and heavy metal." (Cowen, 1996) "In 1983 it took General Motors about 135 man hours to produce a car.  Twenty-five …