William J. Baumol Papers, 1928-2013
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- Baumol, William J.
- William Baumol (1922-2017) was the Harold Price Professor of Entrepreneurship, Emeritus at New York University and Professor Emeritus of Economics at Princeton University. This collection primarily documents his professional life through his correspondence, writings, research, and professional and faculty activities. It forms part of the Economists' Papers Archive.
- 130 Linear Feet
87 boxes and one oversize folder.
- Material in English.
- Collection ID:
- Scope and content:
This collection documents Baumol's career as an economist and artist. The collection provides an overview of his professional activities, including his research on the cost disease, unbalanced growth, productivity growth, entrepreneurship, increasing returns and international trade, anti-trust policy, contestable markets, market structure, macroeconomic theory, and interest rate and monetary theory, among other topics. Baumol's research and writings on the economics of the arts, undertaken and coauthored with his wife Hilda, are included in the collection.
The collection also documents his collaboration and communication with prominent economists such as Maurice Allais, Gary Becker, Alan Blinder, George Dantzig, Robert Dorfman, Milton Friedman, John Kenneth Galbraith, Ralph Gomory, Frank Hahn, Roy Harrod, John Hicks, Ursula Hicks, Samuel Hollander, Nicholas Kaldor, Harold Kuhn, Abba Lerner, Jacob Marschak, Don Patinkin, Lionel Robbins, Joan Robinson, Paul Samuelson, Ralph Turvey, Jacob Viner, and Edward Wolff, among others. Of note is Baumol's longtime collaboration with, and extensive support received from, Sue Anne Batey Blackman.
Along with his scholarship and writings, the collection documents Baumol's leadership roles at the Berkley Center for Entrepreneurship and Innovation and the C. V. Starr Center for Applied Economics at New York University, as well as his extensive expert witness and consulting activities for the Federal Communications Commission, Federal Trade Commission, the Interstate Commerce Commission, the Joint Economic Committee, and the Senate Judiciary Committee, among others. Baumol's consulting was often done through the companies Alderson and Sessions, Mathematica, and Consultants in Industry Economics. His notable expert witness testimonies revolved around regulation in telecommunications (particularly the AT&T monopoly), airline ticket prices and sales practices, pricing of railroad freight shipping, and other topics.
Materials from Baumol's teaching at Princeton and New York University, departmental, and committee work are included in the collection. The collection also contains samples of Baumol's artwork, including sketches and paintings.
- Biographical / historical:
Biographical Note Date Event 1922, Feb. 26 Born in New York, NY 1936-1938 Attended first formal art classes sponsored by Works Progress Administration 1942 BSS, College of the City of New York 1942-1943 and 1946 Junior Economist, US Department of Agriculture 1943-1945 Served in US Army; stationed in France 1946-1949 Graduate Student and Assistant Lecturer in American Economy and Economic Dynamics, London School of Economics 1949 PhD, University of London 1949-1953 Associate Professor of Economics, Princeton University 1954-1992 Professor of Economics, Princeton University 1959 Business Behavior, Value and Growth 1961 Economic Theory and Operations Analysis 1962-1970 Chair, Committee on the Economic Status of the Profession, American Association of University Professors 1966 (with W.G. Bowen) Performing Arts: The Economic Dilemma 1967-1975 Chair and member, Economic Policy Council, State of New Jersey 1968-1970 Vice President, American Association of University Professors 1971-2014 Professor of Economics and Director, C. V. Starr Center for Applied Economics, New York University 1975 (with W. E. Oates) The Theory of Environmental Policy 1978 President, Eastern Economics Association 1978-1979 President, Association of Environmental and Resource Economists 1979 (with A. S. Blinder) Economics: Principles and Policies 1981 President, American Economics Association 1982 (with J. C. Panzar and R. D. Willig) Contestable Markets and the Theory of Industry Structure 1984 Editor (with wife Hilda Baumol), Inflation and the Performing Arts 1986 Superfairness: Applications and Theory 1992-2017 Senior Research Economist and Professor Emeritus of Economics, Princeton University 2017, May 4 Died in New York, NY
- Acquisition information:
- The William J. Baumol papers were received by the David M. Rubenstein Rare Book and Manuscript Library as gifts between 1995-2020.
- Processing information:
Processed by Shauna Saunders and Paula Jeannet, 2000; Sue-Ellen Katz and Ann G. Langford, 2001; Erich Fuchs and Meghan Lyon, 2016; Jon Cogliano, 2018; Laurin Penland, 2020.
Encoded by Ruth E. Bryan, Paula Jeannet, and Lisa Stark.
Accessions described in this collection guide: 2001-0169, 2001-0170, 2002-0225, 2005-0073, 2007-0051, 2015-0175, 2016-0047, and 2020-0078.
This material is from Baumol's offices at Princeton and New York University and his home. These three shipments were treated as one accession. Hence, while the original organization has been mostly preserved at the folder level, at the box level this is not the case. Wherever possible, the original folder labels were used in organizing the collection. Notable exceptions to this are the material in the Legal Testimony subseries and materials on the performing arts, government projects, and industry consulting, as the bulk of this material was received loose. It was not possible to map every electronic file recovered from floppy disks to particular projects, writings, or other files. In these cases, generic classifiations were made in the arrangement.
The William J. Baumol papers are arranged into seven series: Correspondence, Professional Service, Research and Notes, Writings, Academia, Personal, and Audiovisual Material.
- Rules or conventions:
- Describing Archives: A Content Standard
Click on terms below to find related finding aids on this site. For other related materials in the Duke University Libraries, search for these terms in the Catalog.
- Antitrust investigations-United States
Education -- Finance
Electric utilities -- Rates
Environmental policy -- Economic aspects
Performing Arts -- Finance
Performing Arts -- United States -- Finance
Public utilities-United States-Law and legislation
Railroad companies -- Rates
Statics and dynamics (Social sciences)
Economists -- United States -- Correspondence
- Floppy disks
- Economists' Papers Archive
Leonard N. Stern School of Business -- Faculty
Princeton University. Department of Economics -- Faculty
Baumol, Hilda, 1923-
Baumol, William J.
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Access note. Some materials in this collection are fragile audiovisual/photographic formats that may need to be reformatted before use. Contact Research Services for access.
Access restricted. Accession 2020-0078 requires additional arrangement, description, and/or screening. Contact Research Services for more information.
Access note. Some materials in this collection are electronic records that require special equipment. Contact Research Services with questions.
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[Identification of item], William J. Baumol Papers, David M. Rubenstein Rare Book & Manuscript Library, Duke University