Smarter in 10 is your go-to podcast for bite-sized brilliance. Hosted by David Peterson from the DMP Education Group, each 10-minute episode delivers powerful insights on business, technology, economics, psychology, and personal growth. Whether you’re on a quick break, commuting, or winding down your day, you’ll walk away smarter—fast.
David distills complex topics into clear, actionable lessons designed for busy professionals, curious learners, and ambitious thinkers. No fluff. No jargon. Just smart, focused content that makes every minute count.
Subscribe and make your next 10 minutes your smartest of the day.
All content for AI Advisory is the property of DMP Strategy Group and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Smarter in 10 is your go-to podcast for bite-sized brilliance. Hosted by David Peterson from the DMP Education Group, each 10-minute episode delivers powerful insights on business, technology, economics, psychology, and personal growth. Whether you’re on a quick break, commuting, or winding down your day, you’ll walk away smarter—fast.
David distills complex topics into clear, actionable lessons designed for busy professionals, curious learners, and ambitious thinkers. No fluff. No jargon. Just smart, focused content that makes every minute count.
Subscribe and make your next 10 minutes your smartest of the day.
Today, we’re digging into a concept that helps explain why certain services — such as college tuition, healthcare, or live theater — continue to increase in cost, even when their quality doesn’t appear to change.
It’s called Baumol’s Cost Disease, and while the name sounds medical, it’s really about the economics of labor, productivity, and pricing.
Let’s get smarter.
What Is Baumol’s Cost Disease?
Baumol’s Cost Disease is a theory developed by economists William Baumol and William Bowen in the 1960s. Their original question was:
Why do costs rise so quickly in performing arts, like live orchestras and theater, even when productivity doesn’t improve?
AI Advisory
Smarter in 10 is your go-to podcast for bite-sized brilliance. Hosted by David Peterson from the DMP Education Group, each 10-minute episode delivers powerful insights on business, technology, economics, psychology, and personal growth. Whether you’re on a quick break, commuting, or winding down your day, you’ll walk away smarter—fast.
David distills complex topics into clear, actionable lessons designed for busy professionals, curious learners, and ambitious thinkers. No fluff. No jargon. Just smart, focused content that makes every minute count.
Subscribe and make your next 10 minutes your smartest of the day.
