William Jack Baumol was born on February 26, 1922, and died on May 4, 2017.
He was an American economist.
He served as the professor of economics at New York University, Academic Director of the Berkley Center for Entrepreneurship and Innovation, and Professor Emeritus at Princeton University.
Baumol was a well known prolific author of more than eighty books and several hundred journal articles.
He has written extensively about the labor market and other economic factors that affect the economy.
Baumol also made very contributions to the theory of entrepreneurship and the history of economic thought.
Baumol was among the most influential economists in the world according to IDEAS/RePEc.
Baumol was elected a Fellow of the American Academy of Arts and Sciences in 1971.
He was considered a candidate for the Nobel Prize in Economics for 2003, and Thompson Reuters cited him as a potential recipient in 2014.
William Baumol passed away at 95 years old.