…could be no other explanation. I guess Perry has never heard of William Baumol’s cost disease: The example Baumol and the late William G. Bowen made famous is that of…

…known as Baumol’s cost disease, and Baumol realized that it had implications far beyond the arts. It implies that in a world of rapid technological progress, we should expect the…

…power and the Baumol effect would each explain some of what is going on. After looking at this in depth, however, my conclusion is that it’s almost all Baumol effect….

…since my noting of the Baumol Cost Disease drew this appropriate response from Barkley: The Baumol cost disease hits all labor-intensive services, including large amounts of government activities that are…

by cactus Forbes and the “Self-Made” Label I’m kinda busy these days, but this topic is small pet peeve of mine: what the heck is up with Forbes and the…

…. . . Recent Quartz article on Private Label and Brand name. Private-label brands are having a moment in 2024, and it’s no coincidence that some of the biggest winners…

…have to submit articles.” Off-label use of drugs is big business. According to The Wall Street Journal, “[FDA] is stepping into a high-stakes business issue, because off-label uses of prescription…

…unreasonable cases, but if it is reasonable that the off-label use of the drug might have caused the damage, then the encouraged off-label use would lead to an assumption of…

…I can safely and for sure tell you that food labeling is approved by the USDA and or the FDA. A small change in a label or packaging such as…

…William Galston is not impressed with the Trump proposal: But there is a void at the core of the administration’s plan: funding. Not only does the administration not specify where…