Baumol's Cost Disease: The Arts and Other Victims

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William J. Baumol, Ruth Towse
E. Elgar, Jan 1, 1997 - Business & Economics - 527 pages
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'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.

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