How Broadway Shows Catch a Cost Disease

A basic part of Broadway economics is the “cost disease” that plays “catch” from higher wage industries that benefit from more productivity.

Butter, Health Care and the Spread of Baumol’s Disease

When butter makers had Baumol’s Disease, for centuries, there was no cure. From the 1700s to 1940, making butter required some cream, a churn and usually a woman with lots of time and energy to crank or plunge a shaft.…