William Baumol
William Baumol was an influential American economist renowned for his work in the fields of economics and entrepreneurship. He is best known for Baumol's cost disease theory, which explains how rising costs in labor-intensive sectors, like healthcare and education, can outpace productivity increases, leading to significant economic implications. His research has provided critical insights into the interplay between productivity and public sector funding, particularly relevant in discussions about government spending and efficiency.
Born on Feb 26, 1922 (103 years old)
Global Media Ratings
Countries Mentioned
| Country | Mentions | Sentiment | Dominance | + Persistence | x Population | = Reach | x GDP (millions) | = Power |
|---|---|---|---|---|---|---|---|---|
| United Kingdom | 1 | 5.00 | 0.03% | +0% | 67,886,011 | 18,195 | $2,700,000 | 724$ |
| Totals | 1 | 67,886,011 | 18,195 | $2,700,000 | 724$ |
Interactive World Map
Each country's color is based on "Mentions" from the table above.
Recent Mentions
United Kingdom:
William Baumol famously showed there is often a limit to how much productivity can be squeezed out of labour-intensive operations.
5