It does indeed seem plausible, as Buchanan and Kafoglis point out, that" If a municipal
government should cease, forthwith, to provide any collec-tive police protection, individuals would…

… BAUMOL: They didn’t have them at the time. There was a little … BAUMOL: Oh, I think as
soon as I started to read some of … when we’d go out consulting together and we’d have lunch …

The address of the departing president is no place for modesty. Nevertheless, I must resist
the temptation to describe the analysis I will report here as anything like a revolution. Perhaps …

… BAUMOL … BAUMOL: UNBALANCED GROWTH 417 … On the other hand, if D represents
average delay on some road and A is the volume of automotive traffic, the corresponding relation…

… where K and V are constants and D and P respectively represent the quantity demanded
and current price. In the absence of speculation the equilibrium condition is D = S, which …

Economists who have spent time observing the operations of business en-terprises come
away impressed with the extent of management's occupation with growth. Expansion is a …

It is shown that while the scale of R & D activity affects the rate of growth of productivity in
manufacturing, that rate of growth, in turn, affects the relative cost of R & D and, hence, its …

… If the cost function is to be subadditive, then at output level y*/2 total cost must be represented
by some point such as D which is above C*/2, and the analogous observation applies to …

… Baumol has published extensively on subjects ranging from the theory of the firm to the … 14]
and by Klevorick and Baumol [8]. The discussion here will employ elements of both analyses. …

… of Baumol's theory, examining the impact of institutional quality on both the levels of productive
and unproductive entrepreneurship. My results confirm Baumol's … of Baumol's theory are …