Baumol’s Disease

Musicians who have had the privilege and pleasure (dubious, in some cases) of discussing the future of professional orchestras with experts of various stripes are all too familiar with Baumol’s Cost Disease. The best description comes from the economist who came up with the concept, William Baumol: Any economic activity affected by it will tend […]

The Minnesota Orchestra leadership released a “financial review” yesterday. Most of the coverage, though, focused on remarks made by MO board negotiating chair Richard Davis, who told the Star Tribune editorial board that he was prepared to say bye-bye to music director Osmo Vänskä, the upcoming Carnegie concerts, and the opening of the newly-renovated Orchestra […]