£
Baumol’s Cost Disease

Hardback

Baumol’s Cost Disease

The Arts and other Victims

9781858985084 Edward Elgar Publishing
Edited by Ruth Towse, Professor of Economics of Creative Industries, CIPPM, Bournemouth University and CREATe Fellow in Cultural Economics, University of Glasgow, UK
Publication Date: 1997 ISBN: 978 1 85898 508 4 Extent: 552 pp
Baumol’s Cost Disease is the inevitable escalation of the real costs that occur in labour-intensive industries like the arts, health care and education. The labour costs in these industries tend to increase at the same rate as other industries, but their scope for utilizing labour-saving technical progress is either small or non-existent.

Copyright & permissions

Recommend to librarian

Your Details

Privacy Policy

Librarian Details

Download leaflet

Print page

More Information
Critical Acclaim
More Information
Baumol’s Cost Disease is the inevitable escalation of the real costs that occur in labour-intensive industries like the arts, health care and education. The labour costs in these industries tend to increase at the same rate as other industries, but their scope for utilizing labour-saving technical progress is either small or non-existent.

The book opens with an introduction by Ruth Towse in which there is an overview of William Baumol’s work. In this discussion Ruth Towse examines Baumol’s work in the context of the development of the economics of the arts. The volume is then divided into parts and begins by introducing William Baumol’s work through several autobiographical essays. This is followed by some of his early contributions to cultural economics and the cost disease. William Baumol’s leading macroeconomic work on the ‘unbalanced growth model’ is also included and the debate about it at its inception. In parts three and four some of the more empirical papers on the arts are presented as well as essays on policy implications for the arts. Following this are chapters on the theatre and publishing as well as historical studies of the arts and the implications of the cost disease for libraries, health care and education.

This book contains William Baumol’s contribution to cultural economics and spans over 30 years of writing on the subject, much of which is not widely available. It provides a real insight into the development of Baumol’s analysis and his perception of the problems of the arts and other labour-intensive sectors.
Critical Acclaim
‘Baumol is probably recognised more for his contribution to the economics of the performing arts than of scholarly communications. His observation of information technology is rarely cited when it should be. Even his sometime co-author, William G. Bowen, seems unaware of Baumol’s diagnosis of the cost
disease in academic libraries. Hopefully, the present volume will help remedy this gap.’
– Albert Henderson, Publishing Research Quarterly

‘. . . there is value in having a set of significant and widely dispersed papers in one volume and the collection will clearly be a useful addition to reading lists on courses in cultural economics. . .’
– Alan Hutton, The Economic Journal

Latest publications

My Cart