▁( F ebru ary ▁ 2 6 , ▁ 1 9 2 2 ▁– ▁May ▁ 4 , ▁ 2 0 1 7 ) ▁was ▁an ▁American ▁econom ist . ▁He ▁was ▁a ▁professor ▁of ▁econom ics ▁at ▁New ▁York ▁University , ▁Academ ic ▁Director ▁of ▁the ▁Ber k ley ▁Center ▁for ▁Entre pr ene ur ship ▁and ▁In nov ation , ▁and ▁Professor ▁Emer it us ▁at ▁Pr inc eton ▁University . ▁He ▁was ▁a ▁pro l ific ▁author ▁of ▁more ▁than ▁eight y ▁books ▁and ▁several ▁hundred ▁journal ▁articles , ▁ ▁Ba um ol ▁wrote ▁extens ively ▁about ▁labor ▁market ▁and ▁other ▁economic ▁factors ▁that ▁affect ▁the ▁economy . ▁He ▁also ▁made ▁significant ▁contributions ▁to ▁the ▁theory ▁of ▁entrepr ene ur ship ▁and ▁the ▁history ▁of ▁economic ▁thought . ▁He ▁is ▁among ▁the ▁most ▁influ ential ▁econom ists ▁in ▁the ▁world ▁according ▁to ▁IDE AS / Re PE c . ▁He ▁was ▁elected ▁a ▁Fellow ▁of ▁the ▁American ▁Academy ▁of ▁Arts ▁and ▁Sciences ▁in ▁ 1 9 7 1 . ▁ ▁Ba um ol ▁was ▁considered ▁a ▁candidate ▁for ▁the ▁Nobel ▁Prize ▁in ▁Econom ics ▁for ▁ 2 0 0 3 , ▁and ▁Thom son ▁Re ut ers ▁c ited ▁him ▁as ▁a ▁potential ▁recip ient ▁in ▁ 2 0 1 4 , ▁but ▁he ▁died ▁without ▁receiving ▁the ▁prize . ▁ ▁Early ▁life ▁Ba um ol ▁was ▁born ▁in ▁the ▁South ▁Bron x . ▁His ▁parents , ▁Sol omon ▁and ▁L ill ian , ▁were ▁both ▁imm igr ants ▁from