Monday, September 1, 2008

Can you identify this famous economist?

Known for his research on productivity in the service sector, models of money demand, and pricing in markets subject to "hit and run" competition, this economist is a perennial contender for a Nobel Prize in Economics. His recent work has concentrated on the role of the entrepreneur in a market economy. He is also an accomplished artist.

Congratulations to Seita Kawamoto for being the first to correctly identify William Baumol as the famous economist.

2 comments:

Seita Kawamoto said...

The economist is William J. Baumol. He is an economics professor at New York University and also is a past president of the American Economic Association. He has contributed a lot of theory in the economic field. Some of his famous theories are contestable markets,the Baumol-Tobin model of transactions demand for money, and Baumol's cost disease.

Seita Kawamoto said...

The economist is William J. Baumol. He is an economics professor at New York University and also is a past president of the American Economic Association. He has contributed a lot of theory in the economic field. Some of his famous theories are contestable markets,the Baumol-Tobin model of transactions demand for money, and Baumol's cost disease.