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Topic: William Baumol

	William Baumol - Wikipedia, the free encyclopedia
		William Baumol (born February 26, 1922) is a New York University economics professor who has written extensively about labor market and other economic factors that affect economy.
		The British magazine, The Economist published an article about William Baumol and his lifelong work to develop a place in economic theory for the entrepreneur (March 11, 2006, pp 68).
		Baumol is given credit for helping to remedy this shortcoming: "Thanks to Mr.
	en.wikipedia.org /wiki/William_Baumol (224 words)

	William Baumol (Site not responding. Last check: 2007-10-08)
		William J. Baumol is Academic Director of the Berkley Center for Entrepreneurial Studies and the Harold Price Professor of Entrepreneurship and Economics.
		Professor Baumol has been president of the American Economics Association and three other professional economics societies, and is an elected member of the U.S. National Academy of Sciences, the American Philosophical Society and the British Academy.
		Professor Baumol received his Bachelor of Social Science from the College of the City of New York in 1942 and his Doctor of Philosophy from the University of London in 1949.
	www.stern.nyu.edu /Faculty/facindex.cgi?command=display&Id=372 (256 words)

	Baumol, William (Jack) - Hutchinson encyclopedia article about Baumol, William (Jack) (Site not responding. Last check: 2007-10-08)
		Best known for his work distinguishing sales maximization from profit maximization in industry, he was also known for his clear transcription of business management and operations language into economic terms.
		Baumol taught briefly at the London School of Economics, 1947–49, before joining the faculty at Princeton University.
		This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.
	encyclopedia.farlex.com /Baumol,+William+(Jack) (130 words)

	The Free-Market Innovation Machine: Analyzing the Growth Miracle of Capitalism
		William Baumol, who has been one of our most influential, original, and eminent economists for over half a century, keeps himself busy in his retirement years.
		Baumol's view of innovation and technology is that the bulk of it is produced within the system by rational homines economici.
		Baumol relies on the work of economic historians to show the unique success of free market capitalism as the only system capable of generating sustained innovation and through it growth.
	www.eh.net /bookreviews/library/0517.shtml (1494 words)

	all things William
		The history of science is not a mere record of isolated discoveries; it is a narrative of the conflict of two contending powers, the expansive force of the human intellect on one side, and the compression arising from traditionary faith and human interest on the other.
		The very fact that the subject was so generally familiar, and yet so little was accurately known about it, made it the more enticing; there were plenty of descriptions from which to choose, and yet most of them were so hazy that their support could be claimed for many varying theories.
		For wide and various as their subjects are, it will be found that they have all certain principles, maxims, and rules of procedure in common; and thus may reflect light upon each other by being treated together.
	allthingswilliam.com /science.html (4705 words)

	The Session: Shop - Product info
		Author William J. Baumol accomplishes something rare indeed by spanning the chasm between quantitative and qualitative economic writing.
		Baumol's insight that capitalism's great achievement is to make innovation routine distinguishes this book from others on innovation, entrepreneurship and creativity.
		Here Baumol develops his vision of a capitalist economy as consisting of competitive price-taking sector and an oligopolistic sector in which competition occurs more often on the innovation margin rather than on the price margin.
	www.thesession.org /shop/display.php/069111630X (555 words)

	AEI-Brookings Joint Center
		Baumol shows that effective competition does not impose uniform prices and demonstrates a stronger result: Where competitive pressures prevail, they can force all firms to adopt discriminatory prices if consumer arbitrage is difficult.
		Baumol then moved on to the heart of the lecture: his theory that competitive markets can include price discrimination, and moreover, that firms will have to price discriminate.
		Baumol concluded his lecture by addressing the title issue: how regulators are misled by simple theory.
	www.aei.brookings.org /events/page.php?id=147 (930 words)

	William J. Baumol: Macroeconomics : Principles and Policy with Xtra! Student CD-ROM and InfoTrac College Edition - ... (Site not responding. Last check: 2007-10-08)
		Since introducing the aggregate supply/aggregate demand model as a fundamental tool for learning economics over two decades ago, William J. Baumol and Alan S. Blinder continue to equip students with the knowledge and tools they need to apply modern economics to their world--now and in the future.
		Although many of the examples in the eighth edition are a bit out of date, it is true that the fundamental economic principles that are discussed endure throughout all of the editions of this textbook.
		Baumol and Blinder explain all the important concepts of macroeconomics with tremendous clarity.
	www.totaltiorden.dk /shop/book_details.php/0030355095\|\|53 (987 words)

	TIME.com Print Page: Inside Business -- Think Globally, Act Locally (Site not responding. Last check: 2007-10-08)
		Is globalization good or bad for America?" Baumol, along with his fellow panelists on TIME's Board of Economists —; RON HIRA of the Rochester Institute of Technology, CATHERINE MANN of the Institute for International Economics and MATTHEW SLAUGHTER of the Tuck School of Business at Dartmouth — proceeded to delve into that hotly contested question.
		WILLIAM BAUMOL: There is a very clear possibility that the common man and woman's view is right: that [economic]; catch-up in China may lead to a lower level and rate of growth of GDP per capita in the U.S. I am not advocating tariffs.
		BAUMOL: My worry is that there's the wrong sense of urgency, one that will make for pressures for impediments to trade instead of dealing with the problems of the sort that you were discussing.
	www.time.com /time/insidebiz/printout/0,8816,1101041011-709066,00.html (1969 words)

	all things William
		Although the monetary relief secured in the settlement is substantial, unfortunately the losses that investors suffered in the aftermath of the market bubble that burst far exceeds the ability to compensate them fully.
		And although the monetary relief obtained in the settlement is record-breaking, the structural reforms required by the settlement are, in my view more significant and far-reaching.
		I know that it is futile to, spurn them, or lash them for trying to get on in the world, and that the world is what it must be from the selfish motives which underlie our economic life.
	allthingswilliam.com /economy.html (1144 words)

	Baumol awarded (Site not responding. Last check: 2007-10-08)
		William J. Baumol awarded for research on entrepreneurship
		William J. Baumol, 82, has been Professor of Economics at New York University since 1972 and
		William J. Baumol began his academic career by formulating an economic theory in such a way that it clarified the entrepreneur's and the small firm's role in economic theory.
	www.fsf.se /news_baumol.html (281 words)

	[No title]
		While many commenters agree that the proper economic cost standard for interconnection and unbundled elements is one based on forward-looking LRIC, the record indicates a lack of consensus on the precise definition of such a methodology.
		Baumol, Ordover, and Willig, principal authors-of the theory, explain that ECPR is not applicable for pricing of interconnection and unbundled network elements because the existing end user rates for local telecommunications are not appropriate as a baseline for ECPR.
		Baumol, Ordover, and Willig conclude that applying ECPR to existing rates would result in component prices that lock in the incumbent LECs' monopoly profits and pricing inefficiencies, and would attract inefficient entry, where rates are too high, and would preclude efficient entry where rates are too low.
	www.nyls.edu /cmc/uscases/intrcon3.txt (18569 words)

	Harcourt Economics (Site not responding. Last check: 2007-10-08)
		William Baumol was born February 26, 1922, in an area of New York City that has since come to be known as Fort Apache.
		Baumol is the author of 30 books and hundreds of journal and newspaper articles, and his writings have been translated into more than a dozen languages.
		Alan S. Blinder was born in New York City and attended Princeton University, where one of his teachers was William Baumol.
	www.swcollege.com /econ/baumol/authors.html (487 words)

	Policy Winter (June- Aug) 2003
		We owe numerous noteworthy concepts to Baumol, such as the thesis that it is not actual competition, however measured, that produces desirable market outcomes, but the fact that markets must be 'contestable'.
		Baumol elaborates on the need for competition among the few, for the 'routinization' of innovation and the need to create enforceable rules that protect property rights and free market contracts, so that entrepreneurs are steered into productive innovation and sharing useful, innovative ideas.
		Baumol does not seem aware of this literature, or is impeded by his adherence to neo-classical economic analysis and mathematical modelling from dealing with the Austrian mind set of open-ended economic evolution.
	www.cis.org.au /POLICY/winter03/polwin03-8.htm (4554 words)

	[No title]
		Over 30 years ago, Baumol recognized that productivity in many service industries is bound to lag behind productivity in other sectors.
		Baumol hypothesized that services for which productivity does not increase very much often end up in the public sector (e.g., education, sanitation).
		Baumol's Principle Said it all Along: Noted Economist's Theory Shows Why Managed Care Initiatives have Failed," WebMD, February 19, 2001 (http://wwwwebmd-practice.medcast.com) Baumol's original work is: Baumol, William J., “Macroeconomics of Unbalanced Growth,” American Economic Review 62 (1967): 415-426.
	www.prenhall.com /folland3/Baumol.doc (392 words)

	AEI-Brookings Joint Center
		Over the last half century, distinguished economist William Baumol has made major contributions to several fields in economics.
		In this monograph Professor Baumol shows that price discrimination not only exists in competitive markets but sometimes is a crucial feature of them.
		Baumol concludes by urging regulators to tread carefully when applying theory to policy.
	www.aei-brookings.org /publications/abstract.php?pid=1051 (116 words)

	Baumol, W.J.: The Free-Market Innovation Machine: Analyzing the Growth Miracle of Capitalism.
		Drawing on extensive research and years of consulting work for many large global firms, Baumol shows in this original work that the capitalist growth process, at least in societies where the rule of law prevails, comes far closer to the requirements of economic efficiency than is typically understood.
		William J. Baumol is Senior Research Economist and Professor of Economics, Emeritus, at Princeton University and Professor of Economics at New York University.
		Baumol's contribution is not to emphasize the impact of innovation but to pinpoint how competition forces companies to make innovation routine.
	www.pupress.princeton.edu /titles/7310.html (626 words)

	Alibris: William J Baumol
		This microeconomics text is well known for using the Keynesian model in the teaching of economics; yet in recent editions, the authors have expanded coverage of the growth model considerably to achieve more balanced coverage.
		Baumol rejects the conventional view that capitalism benefits society through price competition--that is, products and services become less costly as firms vie for consumers.
		Since introducing the aggregate supply/aggregate demand model as a fundamental tool for learning economics in the first edition of their textbook, William Baumol and Alan Blinder have, for over two decades, led the teaching and learning of economics with their authoritative and timely discussion of the field.
	www.alibris.com /search/books/author/William_J_Baumol (1281 words)

	Product Page (Site not responding. Last check: 2007-10-08)
		William J. Baumol was born in New York City, and received his BSS at the College of the City of New York and his Ph.D. at the University of London.
		Among his many contributions to economics are research on the theory of the firm, the contestability of markets, the economics of the arts and other services—the "cost disease of the services" is often referred to as "Baumol's disease"—and economic growth, entrepreneurship and innovation.
		Baumol is the author of more than 35 books, and hundreds of journal and newspaper articles.
	websites.swlearning.com /cgi-wadsworth/course_products_wp.pl?fid=M2b&product_isbn_issn=0324322631&discipline_number=413 (1570 words)

	William Baumol at IDEAS
		Baumol, William J & Lee, Kyu Sik, 1991.
		Baumol, William J & Highsmith, Robert J, 1988.
		Baumol, William J & Bailey, Elizabeth E & Willig, Robert D, 1977.
	ideas.repec.org /e/pba92.html (1782 words)

	S-WoPEc: William J. Baumol: An Entrepreneurial Economist on the Economics of Entrepreneurship
		William J. Baumol: An Entrepreneurial Economist on the Economics of Entrepreneurship
		Throughout his career Baumol has urged the profession to pay attention to the instrumental role of entrepreneurship in economic renewal and growth.
		In addition to placing his work in these areas into the wider context of his full contribution, we emphasize Baumol’s findings that growth cannot be explained by the accumulation of various factors of production per se; human creativity and productive entrepreneurship are needed to combine the inputs in profitable ways.
	swopec.hhs.se /hastef/abs/hastef0532.htm (310 words)

	Duke Economics Working Paper (Site not responding. Last check: 2007-10-08)
		Archive users may download papers and produce them for their own personal use, but downloading of papers for any other activity, including reposting to other electronic bulletin boards or archives, may not be done without the written consent of the authors.
		William Baumol and William Bowen's work on the economics of the arts in the 1960's laid the foundation for a new field and provided arguments for public support.
		This paper discusses influences on their work, the nature of their analysis, and their impact on the development of the economics of the arts.
	www.econ.duke.edu /Papers/Abstracts03/abstract.03.06.html (126 words)

	Dr. William Baumol Receives Advocacy Award for Contributions to Entrepreneurship Research
		"Dr. William Baumol is a giant in the world of entrepreneurship studies," said Dr. Chad Moutray, Chief Economist for the Office of Advocacy.
		In celebration of Dr. Baumol's achievements and insights, Advocacy sponsored three academic seminars on entrepreneurship, innovation, and growth at the AEA annual meeting.
		These sessions featured Dr. Baumol as well as other distinguished entrepreneurship scholars from Stanford, Columbia, MIT, the Ewing Marion Kauffman Foundation, the University of Chicago, Harvard, NYU, the Office of Advocacy, the World Bank, and other renowned institutions.
	www.prnewswire.com /cgi-bin/stories.pl?ACCT=109&STORY=/www/story/01-09-2006/0004245275&EDATE= (702 words)

	SSRN-The Pricing of Inputs Sold to Competitors: Rejoinder and Epilogue by J. Gregory Sidak, William Baumol
		We are in essential agreement with the comments of Professor Alfred Kahn and Dr. William Taylor, and we are unconvinced by Dr. William Tye's criticisms of the ECPR.
		We also comment on the decision of the Judicial Committee of the Privy Council of the House of Lords, which embraced the ECPR as a principle consistent with New Zealand antitrust law.
		Sidak, J. Gregory and Baumol, William J., "The Pricing of Inputs Sold to Competitors: Rejoinder and Epilogue".
	papers.ssrn.com /sol3/papers.cfm?abstract_id=299701 (326 words)

	Transcend articles
		Baumol, William J. Welfare Economics and the Theory of the State.
		Baumol, William J., with contributions by Dietrich Fischer (1986), Superfairness: Applications and Theory.
		Baumol, William J. and Wallace E. Oates (1975), The Theory of Environmental Policy.
	www.transcend.org /t_database/articles.php?ida=400 (2068 words)

	Natural Resources, by William J. Baumol and Sue Anne Batey Blackman: The Concise Encyclopedia of Economics: Library of ...
		William J. Baumol is the director of the C. Starr Center for Applied Economics at New York University and professor emeritus at Princeton University.
		Baumol, William J., Sue Anne Batey Blackman, and Edward N. Wolff.
		William Stanley Jevons, The Coal Question: An Inquiry Concerning the Progress of the Nation, and the Probable Exhaustion of Our Coal-Mines.
	www.econlib.org /library/Enc/NaturalResources.html (1925 words)

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