The Outbreak of the Cost Disease: Baumol and Bowen and the Modern Case for the Arts
William 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.
|Date of creation:||2003|
|Date of revision:|
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