protection, International Spillovers and Trade, 1971. "On the Economics of the Theatre in Renaissance London" with Mary Oates, 1972, Swedish JE. "The Dynamics of Urban Problems and its Policy Implications", 1972, in Preston and Corry, editors, Essays in Honor of Lord Robbins. "Taxation and the Control of Externalities", 1972, AER. "Detrimental Externalities and Non-Convexity of the Production Set", with D.F. Bradford, 1972, Economica. "The Transformation of Values: What Marx 'Really' Meant", 1974, JEL. The Theory of Environmental Policy, with W.E.Oates, 1975. Economics, Environmental Policy and Quality of Life, with W.E.Oates and S.A. Batey Blackman 1979. Contestable Markets and the Theory of Industry Structure, with J.C. Panzar and R.D. Wilig, 1982 "Contestable Markets: An Uprising in the Theory of Industry Structure", 1982, "AER". Microtheory: Applications and origins, 1986 Superfairness: Application and theory, with D. Fischer, 1986 "The Optimal Cash Balance Proposition: Maurice Allais' Priority", with J. Tobin, 1989, JEL Productivity and American Leadership: The long view, with S.A. Batey Blackman and E.N. Wolff, 1989. Entrepreneurship: Productive, Unproductive and Destructive, Journal of Political Economy, Vol. 98(3), pp. 893–921, 1990 Perfect Markets and Easy Virtue: Business ethics and the invisible hand, with S.A. Batey Blackman, 1992 Entrepreneurship, Management and the Structure of Profit, 1993. The Free Market Innovation Machine: Analyzing the Growth Miracle of Capitalism, 2002. Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity, co-authored with Robert Litan and Carl J. Schramm, 2007 The Cost Disease: Why Computers get Cheaper and Health Care Doesn't, 2012 https://yalebooks.yale.edu/book/9780300198157/cost-disease Positions and awards William Baumol was President of the American Economic Association for 1981. 1953 Fellow, Econometric Society 1957–58 Guggenheim Fellow 1960–70 Trustee, Rider College 1965 Honorary LL.D, Rider College (Trustee Emeritus) 1965–66 Ford Faculty Fellowship 1970 Honorary Fellow, London School of Economics 1971 Honorary Doctorate, Stockholm School of Economics 1973 Honorary Doctor of Humane Letters, Knox College 1973 Honorary Doctorate, University of Basel 1975 John R. Commons Award, Omicron Delta Epsilon 1975 Townsend Harris Medal, Alumni Association of the City College of New York 1982 Distinguished Fellow, American Economic Association 1984 Distinguished Member, Economic Association of Puerto Rico 1986 Winner, Assoc. of American Publishers Award for Best Book in Business, Management and Economics, Superfairness: Applications and Theory 1987 Recipient, Frank E. Seidman Distinguished Award in Political Economy 1988 Joseph Douglas Green 1895 Professor of Economics, Princeton University 1989 Winner, Assoc. of Am. Publishers Annual Awards for Excellence in Publishing, Honorable Mention in Social