Baumol's cost disease: the arts and other victims
Baumol is probably recognised more for his contribution to the economics of the performing arts than of scholarly communications. His observation of information technology is rarely cited when it should be. Even his sometime co-author, William G. Bowen, seems unaware of Baumol s diagnosis of the cost disease in academic libraries. Hopefully, the present volume will help remedy this gap. Albert Henderson, Publishing Research Quarterly . . . there is value in having a set of significant and widely dispersed papers in one volume and the collection will clearly be a useful addition to reading lists on courses in cultural economics. . . Alan Hutton, The Economic Journal Baumol s Cost Disease is the inevitable escalation of the real costs that occur in labour-intensive industries like the arts, health care and education. The labour costs in these industries tend to increase at the same rate as other industries, but their scope for utilizing labour-saving technical progress is either small or non-existent. The book opens with an introduction by Ruth Towse in which there is an overview of William Baumol s work. In this discussion Ruth Towse examines Baumol s work in the context of the development of the economics of the arts. The volume is then divided into parts and begins by introducing William Baumol s work through several autobiographical essays. This is followed by some of his early contributions to cultural economics and the cost disease. William Baumol s leading macroeconomic work on the unbalanced growth model is also included and the debate about it at its inception. In parts three and four some of the more empirical papers on the arts are presented as well as essays on policy implications for the arts. Following this are chapters on the theatre and publishing as well as historical studies of the arts and the implications of the cost disease for libraries, health care and education. This book contains William Baumol s contribution to cultural economics and spans over 30 years of writing on the subject, much of which is not widely available. It provides a real insight into the development of Baumol s analysis and his perception of the problems of the arts and other labour-intensive sectors.
13 pages matching York University in this book
Results 1-3 of 13
What people are saying - Write a review
We haven't found any reviews in the usual places.
The Anatomy of their Economic Problems
The Anatomy of Urban
17 other sections not shown
Other editions - View all
activities actors analysis annual artistic attendance audience average Baumol box office Broadway Broadway theatre budget calculated cent constant contract contribution cost disease Cost of Performance cost per concert cost per performance decline demand dollars earnings economic economists effect estimate example expansion path expenditures expenses f-ratio fact figures funds growth rate income industry inflation labor force Lionel Robbins live performance major orchestras manufacturing mass media million Mozart's musical musicians natural monopoly off-Broadway opera organizations outlays output overall percent performing arts period Philharmonic price index price level Princeton problems production possibility frontier productivity Proposition Public Support publisher purchasing rate of increase real cost relative reported result sector shows sources subsidy suggests Table theater ticket prices tion TKTS Unbalanced Growth unit USSR volume wages welfare economics wholesale price wholesale price index York York Philharmonic York University