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[sea-list] Reading/ Discussion on Cost Disease
jakemck at stanford.edu
Sat Mar 4 14:58:49 PST 2017
This Sunday we’ll be discussing cost disease
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 <https://en.wikipedia.org/wiki/Baumol%27s_cost_disease>, 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
<https://en.wikipedia.org/wiki/Baumol%27s_cost_disease>, The Economist
<http://www.economist.com/node/21563714>, Tyler Cowen
As usual, we're meeting at 4:30pm Sunday in Old Union 121.
Hope to see you there!
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