Growth Industrial Organisation & Economic Generalities
W. Baumol

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'Reading this collection, one is reminded not only of the breadth of Baumol's contributions to economics, but also of how fine a writer he can be. The explorations of entrepreneurship and growth are particularly broad and interesting.'- Michael Waterson, University of Warwick, UK This compendium of essays brings together some of William Baumol's most distinguished and acclaimed papers with some that are more rare, including a discussion of the growth and innovation mechanism that accounts for the unprecedented growth performance of the market economies. Amongst many other papers of note are a discussion of appropriate regulatory principles for privatized and deregulated firms, and a survey of the accomplishments of economists in the past century and the past millennium. This collection includes the following essays:* Productivity Growth, Convergence and Welfare: What the Long-Run Data Show* On the Possibility of Continuing Expansion of Finite Resources* Social Wants and Dismal Science: The Curious Case of the Climbing Costs of Health and Teaching* Towards Microeconomics of Innovation: Growth Engine Hallmark of Market Economics* Use of Antitrust to Subvert Competition* Predation and the Logic of the Average Variable Cost Test.The papers engage with an eclectic range of issues and represent a vignette of the author's varied contributions to the economic literature.