Download or read book Baumol's Cost Disease written by William J. Baumol and published by Edward Elgar Publishing. This book was released on 1997 with total page 558 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the publication of Performing Arts: an Economic Dilemma in 1966, economists Baumol and Bowen created the subject of cultural economics. This text provides an insight into the development of Baumol's analysis and perception of the problems of the arts and other labour-intensive sectors.