Oligopoly and the Costs of Higher Education – Journals Edition

There are many reasons why costs in higher education have been rising faster than inflation for many decades.  A fundamental reason is because education is so labor-intensive and (so far) has been resistant to improved productivity via capital investment or technology.  This is called Baumol's Cost Disease. But there are other reasons too.  One is … Continue reading Oligopoly and the Costs of Higher Education – Journals Edition

Corporate Entitlements: Music Edition

Well sorry to all for the two-week absence, but I'm back from being on the road and all the end-of-semester stuff the school requires. There's a myth that's pushed and carefully nurtured by corporate executives and conservatives.  It's the image that "private enterprise" lives and dies by the market and that the profit motive is … Continue reading Corporate Entitlements: Music Edition