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These comments are the worst sort of Hacker News comments: a bunch of people who spend 45 seconds scrolling a Wikipedia article about a major concept from a fie
by MajimasEyepatch 4y ago
These comments are the worst sort of Hacker News comments: a bunch of people who spend 45 seconds scrolling a Wikipedia article about a major concept from a field other than software and dismissing it as “obvious.”
- convolvatron 4y agoyou have to admit its kinda of a strange 'law', unless you really believe that supply and demand is the core inviolate law of collective human behavior..in which case such an exception might be interesting.
- fallingknife 4y agoBaumol is not an exception to supply and demand
- LudwigNagasena 4y agoIt is not an exception. It is a consequence.
- tomrod 4y agoHi! I'm an economist, and I am genuinely enjoying reading everyone's perceptions. If we were to presume that this was the first time your representative HN commentator read about it, then we can congratulate the Wikipedia authors for sufficiently communicating the concept (a passing grade, as it were). I thought you might like a counterpoint to your consternation with your fellow HN commentators. Baumol cost disease is fascinating.