This podcast episode explores the economics and challenges of the live theater industry, including the concept of Baumol's cost disease. It discusses the allure and distinct qualities of live theater, the struggles faced by artists in creating unconventional works, and the production of the play "Stereophonic" with the collaboration of a playwright and musician. The episode delves into the complexities of the characters, the dedication of the actors and writers, the importance of funding for artists, and the journey of bringing a play from non-profit theaters to Broadway. It also provides insights into the inner workings of the theater industry and the aspirations and struggles of theater artists.
