William Baumol, a great economist, died on May 4th
A prolific writer and originator of the idea of “cost disease”, he was 95
ON MAY 4th William Baumol, one of the great economists of the 20th century, died. Mr Baumol, who kept working into his 90s, published more than 500 papers across a dazzling array of topics; his best-known work, describing “cost disease”, was essentially a side-project. He was a scholar whose stray thought on a sleepless night could change how people see the world.
This article appeared in the Finance & economics section of the print edition under the headline “Embrace the contradictions”
Finance & economics May 13th 2017
- India needs to curb a borrowing spree by its state governments
- The investment- management industry faces a big squeeze
- The EU ponders moving euro clearing from London after Brexit
- Africa’s informal economy is receding faster than Latin America’s
- In China, a TV soap on corruption attracts a mass following
- A new sort of hedge fund relies on crowd-sourcing
- William Baumol, a great economist, died on May 4th
- 2017 Marjorie Deane internship
From the May 13th 2017 edition
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Germany’s economy goes from bad to worse
Things may look brighter next year, but the relief will be short-lived
An economics Nobel for work on why nations succeed and fail
Daron Acemoglu, Simon Johnson and James Robinson tackled the most important question of all
Why investors should still avoid Chinese stocks
The debate about “uninvestibility” obscures something important
China’s property crisis claims more victims: companies
Unsold homes are contributing to a balance-sheet recession
Europe’s green trade restrictions are infuriating poor countries
Only the poorest can expect help to cushion the blow
How America learned to love tariffs
Protectionism hasn’t been this respectable for decades