3 ms·
This effect was noticed by Baumol and Bowen back in the 60s. https://en.m.wikipedia.org/wiki/Baumol%27s_cost_disease https://en.m.wikipedia.org/wiki/Baumol%27s
by willcipriano 6y ago
This effect was noticed by Baumol and Bowen back in the 60s.
https://en.m.wikipedia.org/wiki/Baumol%27s_cost_disease https://en.m.wikipedia.org/wiki/Baumol%27s_cost_disease
- notacoward 6y agoIt would be really hard to cite Baumol's cost disease too often. It's a key part of many things we see going on in the economy, and therefore in society more broadly, today.