The Outbreak of the Cost Disease: Baumol and Bowen and the Modern Case for the Arts
AbstractWilliam Baumol and William Bowen's work on the economics of the arts in the 1960's laid the foundation for a new field and provided arguments for public support. This paper discusses influences on their work, the nature of their analysis, and their impact on the development of the economics of the arts.
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Bibliographic InfoPaper provided by Duke University, Department of Economics in its series Working Papers with number 03-06.
Date of creation: 2003
Date of revision:
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Find related papers by JEL classification:
- Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-04-27 (All new papers)
- NEP-CDM-2003-04-27 (Collective Decision-Making)
- NEP-MIC-2003-04-29 (Microeconomics)
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