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

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  • Besharov, Gregory

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.

Suggested Citation

  • Besharov, Gregory, 2003. "The Outbreak of the Cost Disease: Baumol and Bowen and the Modern Case for the Arts," Working Papers 03-06, Duke University, Department of Economics.
    • Handle: RePEc:duk:dukeec:03-06
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    JEL classification:

    • Z11 - Other Special Topics - - Cultural Economics - - - Economics of the Arts and Literature

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