4 ms·
If Baumol was solely the reason for increased prices, I expect the increase to be more in line with the increase in prices for hiring tradespeople or other prof
by extrapickles 3y ago
If Baumol was solely the reason for increased prices, I expect the increase to be more in line with the increase in prices for hiring tradespeople or other professional services.
- theptip 3y agoFWIW Alex Tabarrok (economist) wrote a small book analyzing this and came away with the conclusion that it's mostly Baumol; if you're interested in a deeper dive: https://www.lesswrong.com/posts/FCMfToFnRXhsfpfQB/book-review-why-are-the-prices-so-damn-high https://www.lesswrong.com/posts/FCMfToFnRXhsfpfQB/book-revie...