Posts Tagged ‘William J. Baumol’

  • Chinese Consumers and Fresh Apples

    Chinese Economic Growth

    Mar 17, 12 • 138 Views • Developing Economies, Economic History, Economic Thinkers, International Trade and Finance, Macroeconomic Measurement, UncategorizedNo Comments

    Our story ends with the recent 2030 Word Bank Report on Chinese economic growth. But we have to start with sunflower seeds. There once was a poor Chinese farmer who believed he could excel at nothing but sunflower seeds. Traditionally sold in stores, in bulk...

  • A Mozart String Quartet and Health Care

    Jan 19, 10 • 99 Views • Thinking Economically1 Comment

    A question: How does a Mozart String Quartet resemble health care? The answer: Both have Dr. Baumol’s Cost Disease Eighty-eight year old economist William J. Baumol expressed concern in today’s NY Times about health care cost control. Comparing...