Tag Archives: Baumol’s cost disease

As the fat lady sings for HMV, the internet is helping build a better future

It has been a week of crushing victories for the internet. It continues to claim victims among retail firms blindsided by the web’s 24/7 stores, with their limitless inventories and weightless products. With thousands of jobs on the line, and hundreds of shops at risk of closure, it would be easy to see the change as a bad thing. Continue reading

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