Why have some prices increased since 1950 by a factor of four while other prices have decreased by a factor of four? Technology is making so many goods and services much cheaper than in the past–that seems to be the normal situation–so why do some industries seem not only to be not progressing but actually […] The post Why Are the Prices So D*MN High? appeared first on Marginal REVOLUTION.
More like this (4)
SlateStarCodex, whose 2017 post on the cost disease was one of the motivations for our investigation,...
I explained the Baumol effect in an earlier post based on Why Are the Prices So...