A Princeton and N.Y.U. professor, he identified Baumol’s cost disease, which explains why the cost of services rises faster than the cost of goods.By PATRICIA COHEN from NYT
Business Day
William J. Baumol, 95, ‘One of the Great Economists of His Generation,’ Dies
A Princeton and N.Y.U. professor, he identified Baumol’s cost disease, which explains why the cost of services rises faster than the cost of goods.By PATRICIA COHEN from NYT
Business Day
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