virtually unchallenged over the past three decades. In a field where the accuracy of both data and assumptions are perennially debated, the quiet consensus in cultural economics comes as a surprise. In the September 1995 issue of Challenge, William J. Baumol reaffirmed his basic economic assumptions about performing arts organizations, as he has for the previous thirty years. Together with William G. Bowen, Baumol wrote the basic text on cultural economics in 1966, Performing Arts: The Economic Dilemma, providing a major insight into the economic dilemma faced by performing arts organizations and initiating a systematic and empirical inquiry into a branch of the arts in the process. This economic dilemma, otherwise known as Baumol's cost disease, has become an enduring insight in cultural economics: the notion that
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