In memory of William Baumol

Princeton University Press is saddened to learn of the passing of the great American economist, William Baumol. Baumol was the Harold Price Professor of Entrepreneurship and Academic Director of the Berkley Center for Entrepreneurship and Innovation in the Stern School of Business at New York University; senior economist and professor emeritus at Princeton University, and a prolific author. He will be remembered for his numerous contributions to the study of innovation and economic growth, including a famous theory known as Baumol’s cost disease, recalled here.