Recently economist William Baumol passed away on the chronilogical age of 95. His death was universally mourned by members of the economics community, lots of whom shared the scene that he had passed before buying a much-deserved Nobel Prize. One among us (Robert) had the fantastic privilege of working with him, befriending him, and being able to regularly witness his economic wisdom, even during his retirement years. Of Baumol’s many contributions to economics, the best…
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