Baumol’s cost disease and higher education
Tuesday, November 25th, 2008Kevin Drum has an interesting albeit superficial discussion of the costs of delivering higher education. Part of hit revolves around the concept called Baumol’s cost disease, that some things get cheaper as technology improves (e.g., effort required to look up the meaning of “Baumol’s cost disease”), and others don’t (e.g., discussing “Baumol’s cost disease” with [...]
