William Baumol RIP
May 6, 2017
This famous economist has passed away at the ripe old age of 95. For an excellent obituary of Prof. Baumol, see this by Matthew McCaffrey: ttps://mises.org/blog/william-baumol-rip.
For a critical view of one of his publications, many of them excellent, see this. Barnett, William II and Walter E. Block. 2006. “Spreading the Benefits of Productivity Increases: Price Increases, Decreases, or Both? A Critique of Baumol on Subsidies to the Arts” Dialogue. Vol. 4, pp. 38-51; https://www.researchgate.net/publication/228269503_Spreading_the_Benefits_of_Productivity_Increases_Price_Increases_Decreases_or_Both_A_Critique_of_Baumol_on_Subsidies_to_the_Arts?ev=prf_pub
Dr. Block [send him mail] is a professor of economics at Loyola University New Orleans. He is the author of Defending the Undefendable, The Case for Discrimination, Labor Economics From A Free Market Perspective, Building Blocks for Liberty, Differing Worldviews in Higher Education, and The Privatization of Roads and Highways. His latest book is Yes to Ron Paul and Liberty.
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