Over on the Marginal Revolution blog, Tyler Cowen opines that the arts are not impacted by Baumol’s cost disease. 2. I do not see the arts as subject to the cost disease very much at all. As for the "live performing arts," the disease seems to afflict the older and less innovative sectors, such as [...]
SOURCE: Butts In The Seats at 12:37AM on October 3, 2012