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[sea-list] Reading/ Discussion on Cost Disease

Jake McKinnon jakemck at
Sat Mar 4 14:58:49 PST 2017

This Sunday we’ll be discussing cost disease
<>, a
strange phenomenon where certain sectors of the economy seem to have
bloated costs without noticeable improvements in quality. The original name
comes from the fairly well-understood concept that’s also known as the Baumol
effect <>, however
Baumol is at best a partial explanation for the actual results that are

If you want to be caught up to speed, please read/skim this post on

Other good resources: Wikipedia
<>, The Economist
<>, Tyler Cowen

As usual, we're meeting at 4:30pm Sunday in Old Union 121.

Hope to see you there!

- Jake
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