William J. Baumol Quotes

1922–2017 United States

William Jack Baumol (February 26, 1922 - May 4, 2017) was an American economist, who was a Professor of economics at New York University and Professor Emeritus at Princeton University. He wrote extensively about labor market and other economic factors that affect the economy, and his research interests included "economic growth, entrepreneurship and innovation, industrial organization, antitrust economics and regulation, and economics of the arts" (source: stern.nyu.edu).

United States
Economists

Also known as: William Baumol

Random William J. Baumol quote

4 quotes

There seems to be a general consensus among informed observers that genuine cases of predation are very rare birds.

In order for a writer to produce something which is original and correct, it is not absolutely necessary that his predecessors have been wrong.

The price-tax conditions necessary to sustain the Pareto optimality of a competitive market solution under the assumed convexity conditions are tantamount to standard Pigovian rules, with neither taxes imposed upon, nor compensation paid to, the victims of externalities.

The notion that our productivity problems reside in "the spirit of entrepreneurship" that waxes and wanes for unexplained reasons is a counsel of despair, for it gives no guidance on how to reawaken that spirit once it has lagged

Attribution

Quotes and notes from Wikiquote: William J. Baumol (page history), available under CC BY-SA 4.0.