3 ms·
Baumol's cost disease. Baumol and Bowen pointed out that the same number of musicians is needed to play a Beethoven string quartet today as was needed
by sbierwagen 11y ago
Baumol's cost disease.
Baumol and Bowen pointed out that the same number of
musicians is needed to play a Beethoven string quartet today
as was needed in the 19th century; that is, the productivity
of classical music performance has not increased. On the
other hand, real wages of musicians (as well as in all other
professions) have increased greatly since the 19th century.
https://en.wikipedia.org/wiki/Baumol%27s_cost_disease https://en.wikipedia.org/wiki/Baumol%27s_cost_disease
- dredmorbius 11y agoThank you. I'd run across that elsewhere and was wondering where the hell I'd just recently mentioned it....