Creativity and the positive reading of Baumol cost disease

Sergio Sparviero and Paschal Preston

The Service Industries Journal, 2008, vol. 30, issue 11, 1903-1917

Abstract: This paper proposes a more positive and useful reading of cost disease. A case is presented for refocussing general attention from the characteristics of cost disease (i.e. widening production cost and price gap between the product of progressive and stagnant industries) to its sources. This is a useful exercise because the most important aspect of cost disease is a fundamental intuition: some types of labour provide particular contributions to various production processes that capital and new technologies are not able to replace. The implications of these findings are discussed.

Date: 2008
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DOI: 10.1080/02642060802627541

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