3 ms·

I first encountered this idea and "cost disease" in this SSC article: https://slatestarcodex.com/2017/02/09/considerations-on-cost-disease/ https://slatestarcod

I first encountered this idea and "cost disease" in this SSC article: https://slatestarcodex.com/2017/02/09/considerations-on-cost-disease/ https://slatestarcodex.com/2017/02/09/considerations-on-cost... There are several interesting follow ups as well; I think this is one of the most interesting and important ideas I've ever read about.

ochoseis 6y ago
Planet Money has a good 3 and 1/2 minute overview as well: https://www.npr.org/2019/10/04/767095401/the-baumol-effect-and-rising-health-care-and-education-costs https://www.npr.org/2019/10/04/767095401/the-baumol-effect-a...