A Conversation with William J. Baumol on Capitalism, Innovation, and Growth
Rivista Internazionale di Scienze Sociali, Vol. 111, No. 1, pp. 3-17, January-March 2003
14 Pages Posted: 21 Oct 2005
William J. Baumol has been one of the most influential economists in the last fifty years. Pioneering work in the theory of money, foremost research in the theory of competition, industrial organization and technological change, notable analyses in the theory of externalities and environment, influential research in the theory of productivity and growth are, perhaps, his best known contributions. On August 8th, 2002 we have interviewed Baumol in his office in the Department of Economics at New York University. The interview lasted about one hour and a half. We started our interview by discussing his new book and then moved to different topics, such as globalization, labor market, growth in underdeveloped countries, environment, education and heath systems, financial markets, history of economic thought and methodology in economics. We have classified our questions in four groups: Capitalism and innovation; Economic growth; Free market and government intervention; Economic theory.
Keywords: Capitalism, Innovation, Economic Theory
JEL Classification: D40, O12, O30
Suggested Citation: Suggested Citation