On the Performing Arts: The Anatomy of their Economic Problems
Edward Elgar Publishing eBooksPublished 15 December 1997
Citations410
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Abstract
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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Social SciencesArts and Humanities