William J. Baumol (1922–2017)
Author of Economics: Principles and Policy
About the Author
William Jack Baumol was born in the South Bronx, New York on February 22, 1922. He served in the Army during World War II and got a job at the Agriculture Department, where he worked on allocating grain supplies to starving countries. He graduated from City College and enrolled in the London School show more of Economics in 1947, after initially being rejected. Less than six weeks after school started, he was hired to become a member of the faculty. He taught at Princeton University from 1949 until 1970 and then taught at New York University from 1971 until his retirement in 2014. As an economist, he identified Baumol's cost disease, which explains why the cost of services, like haircuts and college educations, rises faster than the cost of goods, like T-shirts. He published dozens of books, hundreds of papers, and several congressional testimonies on entrepreneurs, environmental policy, corporate finance, stock sales, the economics of Broadway theaters, inflation, and competition and monopolies. He died on May 4, 2017 at the age of 95. (Bowker Author Biography) show less
Works by William J. Baumol
Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity (2007) 151 copies, 2 reviews
Economic Theory and Operations Analysis (Prentice-Hall international series in management) (1961) 80 copies
The Invention of Enterprise: Entrepreneurship from Ancient Mesopotamia to Modern Times (2010) — Editor — 66 copies
The Free-Market Innovation Machine: Analyzing the Growth Miracle of Capitalism (2002) 50 copies, 1 review
Global Trade and Conflicting National Interests (Lionel Robbins Lectures) (2001) 18 copies, 1 review
Convergence of Productivity: Cross-National Studies and Historical Evidence (1994) — Editor — 14 copies
Performing arts, the economic dilemma; a study of problems common to theater, opera, music, and dance (1968) 13 copies
The Microtheory of Innovative Entrepreneurship (The Kauffman Foundation Series on Innovation and Entrepreneurship) (2010) 9 copies, 1 review
Toward Competition in Local Telephony (AEI Studies in Telecommunications Deregulation) (1994) 5 copies
Toward an Evolutionary Regime for Spectrum Governance: Licensing or Unrestricted Entry? (2006) 4 copies
Essentials of Economics: Principles and Policy (with InfoTrac) (Available Titles Aplia) (2005) 3 copies
Productivity, Growth and U.S. Competitiveness: A Supplementary Paper of the Committee for Economic Development (1985) 3 copies
Regulation Misled by Misread Theory: Perfect Competition and Competition-Imposed Price Discrimination (2004) 3 copies
What price economic growth? 1 copy
Associated Works
Tagged
Common Knowledge
- Legal name
- William Jack Baumol
- Birthdate
- 1922-02-26
- Date of death
- 2017-05-04
- Gender
- male
- Nationality
- USA
- Birthplace
- South Bronx, New York, USA
- Place of death
- New York, New York, USA
- Places of residence
- New York, New York, USA (birth)
- Education
- London School of Economics (Ph.D.|1949)
College of the City of New York (B.S.|1942) - Occupations
- professor
economist - Organizations
- New York University
Princeton University
American Economic Association (past president)
National Academy of Sciences
American Academy of Arts and Sciences
Berkley Center for Entrepreneurship and Innovation (show all 7)
Economists for Peace and Security
Members
Reviews
Awards
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Associated Authors
Statistics
- Works
- 50
- Also by
- 1
- Members
- 958
- Popularity
- #26,895
- Rating
- 3.4
- Reviews
- 7
- ISBNs
- 179
- Languages
- 2
- Favorited
- 1