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Professor William Baumol's legacy and contributions to the field of economics are highlighted

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Excerpt from The New York Times -- "Professor Baumol, who taught for decades at both Princeton University and New York University, identified what has come to be known as Baumol’s cost disease. This so-called affliction is actually a critically important economic insight that explains why the cost of services, like haircuts and college educations, rises faster than the cost of goods, like T-shirts."

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