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Duke Economics Working Paper #03-06
The Outbreak of the Cost
Disease: Baumol and Bowen and the Modern Case for the Arts
Gregory Besharov
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.
Key Words: economics of the arts
JEL: Z11
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32 pages
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