Cover image for Macroeconomics : principles and policy
Title:
Macroeconomics : principles and policy
Author:
Baumol, William J.
Personal Author:
Edition:
Eighth edition.
Publication Information:
Fort Worth : Dryden Press, [2000]

©2000
Physical Description:
xxix, 415 pages : illustrations (chiefly color), color maps ; 28 cm.
Language:
English
Subject Term:
Added Author:
ISBN:
9780030268588
Format :
Book

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HB171.5 .B323 2000 8TH EDITION Adult Non-Fiction Central Closed Stacks-Oversize
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Summary

Summary

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 economics with their authoritative and timely discussion of the field. Now in its eighth edition, Macroeconomics: Principles and Policy remains a time-tested tool in teaching and learning the ever-evolving field of economics.


Author Notes

William Jack Baumol was born in the South Bronx, New York on February 22, 1922. He served in the Army during World War II and got a job at the Agriculture Department, where he worked on allocating grain supplies to starving countries. He graduated from City College and enrolled in the London School of Economics in 1947, after initially being rejected. Less than six weeks after school started, he was hired to become a member of the faculty. He taught at Princeton University from 1949 until 1970 and then taught at New York University from 1971 until his retirement in 2014.

As an economist, he identified Baumol's cost disease, which explains why the cost of services, like haircuts and college educations, rises faster than the cost of goods, like T-shirts. He published dozens of books, hundreds of papers, and several congressional testimonies on entrepreneurs, environmental policy, corporate finance, stock sales, the economics of Broadway theaters, inflation, and competition and monopolies. He died on May 4, 2017 at the age of 95.

(Bowker Author Biography)