# Prof. William Baumol's Cost Disease theory is cited

1 Faculty News December 1, 2012 ![Minneapolis Star-Tribune logo](/sites/default/files/styles/246w/public/assets/images/con_030735.jpg?itok=zL19hC1b)>

Excerpt from the [Star Tribune](http://www.startribune.com/business/181585401.html) -- "The concept comes from economist [William Baumol](http://www.stern.nyu.edu/faculty/bio/william-baumol), whose groundbreaking work studying the arts in the 1960s with a Princeton University colleague led to his simple observation that productivity gains in the performing arts are all but impossible to achieve."

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