Faculty News
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Prof. William Baumol's "cost disease" theory is referenced
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![The Washington Post logo The Washington Post logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_031074.jpg?h=cd55d432&itok=68-sZAjk)
Excerpt from the Washington Post -- "That is the nature of education, to be sure. In their purest form, market concepts of cost-effectiveness don’t neatly apply to what universities do, for reasons well explained by economist William Baumol of New York University’s Stern School of Business."
Faculty News
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![The Washington Post logo The Washington Post logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_031074.jpg?h=cd55d432&itok=68-sZAjk)
Excerpt from the Washington Post -- "That is the nature of education, to be sure. In their purest form, market concepts of cost-effectiveness don’t neatly apply to what universities do, for reasons well explained by economist William Baumol of New York University’s Stern School of Business."