Words similar to baumol

Example sentences for: baumol

How can you use “baumol” in a sentence? Here are some example sentences to help you improve your vocabulary:

Those hoping to reduce costs run smack up against Baumol's Law, named for the economist William Baumol, who first elaborated it in a 1966 book titled Performing Arts: The Economic Dilemma . Baumol's Law says that in certain sectors, productivity cannot increase.
Let me quote from the textbook (by William Baumol and Alan Blinder) that I assigned when I taught Economics 1 last year: "When a firm pollutes a river, it uses some of society's resources just as surely as when it burns coal.