William Jack Baumol's Books

Superfairness

Applications and Theory

By: William J. Baumol,Dietrich Fischer

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Superfairness

Applications and Theory

By: William J. Baumol,Dietrich Fischer

With his characteristic acuteness and lucidity, William Baumol, one of America's foremost economists, tackles the problem of equity considerations in welfare economics by applying the novel "superfairness" criterion to the distribution of resources, product, income, and wealth that arises from economic decisions.

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Page Count

294

Publisher

MIT Press

Published Date

ISBN 10

0262521318

ISBN 13

9780262521314

Microeconomics

Principles and Policy

By: William J. Baumol,Alan S. Blinder

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Microeconomics

Principles and Policy

By: William J. Baumol,Alan S. Blinder

Since introducing the aggregate supply/aggregate demand model as a fundamental tool for learning economics in the first edition of their textbook, William Baumol and Alan Blinder have, for over two decades, led the teaching and learning of economic with their authoritative and timely discussion of the field. Now in its eighth edition 2001 Update, Microeconomics: Principles and Policy remains a time-tested tool in teaching and learning the ever-evolving field of economics.

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Page Count

568

Publisher

South Western Educational Publishing

Published Date

ISBN 10

0030268567

ISBN 13

9780030268564

Macroeconomics

Principles and Policy

By: William J. Baumol,Alan Stuart Blinder

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Macroeconomics

Principles and Policy

By: William J. Baumol,Alan Stuart Blinder

MACROECONOMICS: PRINCIPLES AND POLICY, 12, International Edition teaches the principles of economics, including current economic situations, and is an essential resource for faculty and students looking for a solid introduction using policy-based information for examples and applications.

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Page Count

449

Publisher

Cengage Learning

Published Date

ISBN 10

0538453648

ISBN 13

9780538453646

Microeconomics Principles and Policies

By: William J. Baumol,Craig Swan

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Microeconomics Principles and Policies

By: William J. Baumol,Craig Swan

To accomplish your course goals, use this study guide to enhance your understanding of the text content and to be better prepared for quizzes and tests. This convenient manual helps you assimilate and master the information encountered in the text through the use of practice exercises and applications, comprehensive review tools, and additional helpful resources.

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Page Count

338

Publisher

South Western Educational Publishing

Published Date

ISBN 10

0030268486

ISBN 13

9780030268489

Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity

By: William J. Baumol,Robert E. Litan,Carl J. Schramm

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Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity

By: William J. Baumol,Robert E. Litan,Carl J. Schramm

In this important book, William J. Baumol, Robert E. Litan, and Carl J. Schramm contend that the answers to these questions lie within capitalist economies, though many observers make the mistake of believing that "capitalism" is of a single kind. Writing in an accessible style, the authors dispel that myth, documenting four different varieties of capitalism, some "Good" and some "Bad" for growth. The authors identify the conditions that characterize Good Capitalism--the right blend of entrepreneurial and established firms, which can vary among countries--as well as the features of Bad Capitalism. They examine how countries catching up to the United States can move faster toward the economic frontier, while laying out the need for the United States itself to stick to and reinforce the recipe for growth that has enabled it to be the leading economic force in the world. This pathbreaking book is a must read for anyone who cares about global growth and how to ensure America's economic future.

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Page Count

333

Publisher

Yale University Press

Published Date

ISBN 10

0300134797

ISBN 13

9780300134797

The Theory of Environmental Policy

By: William J. Baumol,Wallace E. Oates

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The Theory of Environmental Policy

By: William J. Baumol,Wallace E. Oates

An analysis of the economic theory of environmental policy and the factors influencing the quality of life. Recent research in environmental economics is incorporated as well as economic incentives for pollution control.

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Page Count

314

Publisher

Cambridge University Press

Published Date

ISBN 10

0521311128

ISBN 13

9780521311120

Perfect Markets and Easy Virtue

Business Ethics and the Invisible Hand

By: William J. Baumol,Sue Anne Batey Blackman

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Perfect Markets and Easy Virtue

Business Ethics and the Invisible Hand

By: William J. Baumol,Sue Anne Batey Blackman

This book examines the effects of the market mechanism on economies and societies. It argues that perfect competition has a tendency to promote adulteration of products and a general deterioration in quality. It also contends that it is very difficult for competitive firms to behave in socially desirable ways - being kind to the environment, contributing to worthy social programmes, handling redundancy humanely. The book goes on to propose ways in which these flaws might be remedied without subverting the market mechanism.

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Page Count

134

Publisher

Wiley-Blackwell

Published Date

ISBN 10

1557862486

ISBN 13

9781557862488

Downsizing in America

Reality, Causes, and Consequences

By: William J. Baumol,Alan S. Blinder,Edward N. Wolff

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Downsizing in America

Reality, Causes, and Consequences

By: William J. Baumol,Alan S. Blinder,Edward N. Wolff

In the 1980s and early 1990s, a substantial number of U.S. companies announced major restructuring and downsizing. But we don't know exactly what changes in the U.S. and global economy triggered this phenomenon. Little research has been done on the underlying causes of downsizing. Did companies actually reduce the size of their workforces, or did they simply change the composition of their workforces by firing some kinds of workers and hiring others? Downsizing in America, one of the most comprehensive analyses of the subject to date, confronts all these questions, exploring three main issues: the extent to which firms actually downsized, the factors that triggered changes in firm size, and the consequences of downsizing. The authors show that much of the conventional wisdom regarding the spate of downsizing in the 1980s and 1990s is inaccurate. Nearly half of the large firms that announced major layoffs subsequently increased their workforce by more than 10 percent within two or three years. The only arena in which downsizing predominated appears to be the manufacturing sector-less than 20 percent of the U.S. workforce. Downsizing in America offers a range of compelling hypotheses to account for adoption of downsizing as an accepted business practice. In the short run, many companies experiencing difficulties due to decreased sales, cash flow problems, or declining securities prices reduced their workforces temporarily, expanding them again when business conditions improved. The most significant trigger leading to long-term downsizing was the rapid change in technology. Companies rid themselves of their least skilled workers and subsequently hired employees who were better prepared to work with new technology, which in some sectors reduced the size of firm at which production is most efficient. Baumol, Blinder, and Wolff also reveal what they call the dirty little secret of downsizing: it is profitable in part because it holds down wages. Downsizing in America shows that reducing employee rolls increased profits, since downsizing firms spent less money on wages relative to output, but it did not increase productivity. Nor did unions impede downsizing. The authors show that unionized industries were actually more likely to downsize in order to eliminate expensive union labor. In sum, downsizing transferred income from labor to capital-from workers to owners

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Page Count

332

Publisher

Russell Sage Foundation

Published Date

ISBN 10

1610440315

ISBN 13

9781610440318

Toward an Evolutionary Regime for Spectrum Governance

Licensing or Unrestricted Entry?

By: William J. Baumol,Dorothy Robyn

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Toward an Evolutionary Regime for Spectrum Governance

Licensing or Unrestricted Entry?

By: William J. Baumol,Dorothy Robyn

A Brookings Institution Press and American Enterprise Institute publication The federal government's approach to regulating the spectrum remains largely administrative, causing major inefficiency and waste. Ironically, just as the FCC has begun to use market mechanisms, some people are pushing to treat spectrum as a common resource open to all entrants. Commons proponents maintain that with new, interference-avoiding technology, licensing is becoming unnecessary and impractical. In this brief study, noted economist William J. Baumol evaluates two options for spectrum governance—a tradable license (market) approach and a commons approach. He compares the practicality of each in terms of six key issues: interference, adequacy of investment in innovation, monopoly power, preservation of diversity, service to rural areas, and the tension between vested interests and the need for adaptable arrangements. Baumol demonstrates that, while neither approach is ideal, a commons regime has severe shortcomings. Above all, he emphasizes the importance of impermanence in the granting of licenses to preserve the flexibility to adapt to unforeseen technological and other developments.

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Brookings Institution Press

Published Date

ISBN 10

0815708483

ISBN 13

9780815708483

Essentials of Economics

Principles and Policy

By: William J. Baumol,Alan S. Blinder

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Essentials of Economics

Principles and Policy

By: William J. Baumol,Alan S. Blinder

Uses the aggregate supply/ aggregate demand model as a fundamental tool for learning macroeconomics. This book provides a balance of theory to application using puzzles, issues, and examples.

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Page Count

416

Publisher

South Western College Publishing

Published Date

ISBN 10

0324316267

ISBN 13

9780324316261

Toward Competition in Local Telephony

By: William J. Baumol,J. Gregory Sidak

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Toward Competition in Local Telephony

By: William J. Baumol,J. Gregory Sidak

This book discusses local competition in the telecommunications sector.

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Page Count

216

Publisher

American Enterprise Institute

Published Date

ISBN 10

0844740535

ISBN 13

9780844740539

Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity

By: William J. Baumol,Robert E. Litan,Carl J. Schramm

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Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity

By: William J. Baumol,Robert E. Litan,Carl J. Schramm

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Page Count

333

Publisher

Yale University Press

Published Date

ISBN 10

0300134797

ISBN 13

9780300134797

Book's by William Jack Baumol

Superfairness

Superfairness

Microeconomics

Microeconomics

Macroeconomics

Macroeconomics

Microeconomics Principles and Policies

Microeconomics Principles and Policies

Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity

Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity

The Theory of Environmental Policy

The Theory of Environmental Policy

Perfect Markets and Easy Virtue

Perfect Markets and Easy Virtue

Downsizing in America

Downsizing in America

Toward an Evolutionary Regime for Spectrum Governance

Toward an Evolutionary Regime for Spectrum Governance

Essentials of Economics

Essentials of Economics

Toward Competition in Local Telephony

Toward Competition in Local Telephony

Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity

Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity

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