William Baumol: The Prolific Economics Writer 

Sharing is Caring

William Baumol: The Prolific Economics Writer 

William Baumol was one of the most prolific economists of his time. He was born in South Bronx.

Baumol is credited for having written an excess of 500 research papers.

Earlier in life Baumol read the works of Karl Marx which triggered his interest in the field of economics. He later on earned his doctorate degree in economics.

William Baumol always argued that the difference between the rich and poor nations is on the way they use technology. He is also fondly remembered for his concept of cost disease which basically talks about replacement of human being in the place of courtesy of large-scale automation.

On the same note, William Baumol predicted that in future there will be fewer and fewer doctors and teachers offering their services to more and more patients or students through the use of new technologies.

Those who knew William Baumol say that he was a humble but pragmatic intellectual.

Sharing is Caring:
error0

Comments

comments

Editor-in-Chief

Geoffrey Kerosi, economic and public policy analyst based in Nairobi City. Email: geoffrey@kerosi.com. WhatsApp: +254713 639 776 YouTube: Kerosi TV

Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.
error

Enjoy this blog? Please spread the word :)

Skip to toolbar