“[C]ost disease studies usually select opera, theater, and the symphony orchestra. Cost disease proponents display an unjustified bias towards ‘high culture.’ We also should consider today’s cultural winners, such as rock and roll, country music, and heavy metal.” (Cowen, 1996)
“In 1983 it took General Motors about 135 man hours to produce a car. Twenty-five years later, that number had fallen to 32.29 hours per vehicle, marking fifteen consecutive years of improvement in productivity. By contrast, it took the band Lynyrd Skynyrd 1.07 man hours to produce a performance of the song Freebird in 1977. Today, a band duplicating the performance would still take 1.07 man hours.” (Schultz, 2009)
Lady Gaga performing “Speechless” on the UK arena of The Monster Ball Tour. This is what a $3 million dollar bankruptcy tour looks like.
Harvard trained economist, Tyler Cowen, takes exception to the cost disease especially as it applies in…
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Utopia, you are standing in it! 
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