Baumol, William (Jack)

(1922– ) economist; born in New York City. 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. He taught briefly at the London School of Economics (1947–49) before joining the faculty at Princeton University. Beginning in 1971 he held a joint appointment with New York University.

Mentioned in

References in periodicals archive

Baumol, William J., Sue Anne Batey Blackman and Edward N.

What Explains the Post-2004 U.S. Productivity Slowdown?

Baumol, William; Batey-Blackman, Sue & Wolff, Edward (1985).

TIC y productividad en las industrias de servicios en Colombia

Baumol, William J., Business Behavior, Value and Growth (New York: Macmillan, 1959).

Pricing in the New Economy: lessons from the period of the E-Commerce bubble

Baumol, William. "Entrepreneurship, Productive, Unproductive, and Destructive," Journal of Political Economy, 98, 5, October 1990.

William E. Simon's contribution to tax policy

Baumol, William J., The Free-Market Innovation Machine: Analyzing the Growth Miracle of Capitalism.

Books received/Livres recus

Baumol, William. "Macroeconomics of Unbalanced Growth: The Anatomy of Urban Crisis." American Economic Review, May 1967, 415-26.

RELATING LABOR PRODUCTIVITY TO WAGES IN SERVICE SECTORS: A LONG-RUN APPROACH

Baumol, William J., "Horizontal Collusion and Innovation," The Economic Journal, 102:410, 1992, 129-137.

Competition policy for developing countries: a long-run, entry-based approach

Baumol, William J., Robert Litan, and Carl Schramm.

Entrepreneurship and growth: a Latin American paradox?

Baumol, William. "Entrepreneurship in Economic Theory." American Economic Review, May 1968, 64-71.

Entrepreneurial origins: a longitudinal inquiry

Baumol, William J.; Blackman, Sue Anne Batey; and Wolff, Edward N.

Worldwide convergence of productivity levels: recent empirical evidence

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