The Outbreak of the Cost Disease: Baumol and Bowen and the Modern Case for the Arts

Gregory Besharov

No 03-06, Working Papers from Duke University, Department of Economics

Abstract: 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.

JEL-codes: Z11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cdm and nep-mic
Date: Written

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