Saturday, December 14, 2019

Why I like the name Baumol Process

I have priors.

My priors for naming the sandbox dynamics would be 'Krugman Agglomeration Process', mainly so Paul could never legitimately call himself Keynesian, he would forever eat his Nobel Banana.

But, my priors are not your  concern.  Baumol is the effect, and it is a nice, known name among the economists, and they only have some much glory to spread, give some to this nice guy.

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