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Robert M. Solow

Institute Professor Emeritus (deceased 2023) · Massachusetts Institute of Technology

MIT economist (1924-2023) who joined the department in 1949 and later held an Institute Professor Emeritus title; known for the Solow-Swan growth model and the 1957 growth-accounting result. Won the 1987 Nobel Memorial Prize in Economic Sciences.

2 papers tracked 2 classics ⌁ Follow this author

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Published Classic Quarterly Journal of Economics Published Feb 1956

A Contribution to the Theory of Economic Growth

Robert M. Solow

Robert Solow's 1956 paper argues that the Harrod-Domar model's famous conclusion -- that steady economic growth is only ever balanced on a "knife-edge," liable to tip into growing unemployment or …

Economic Growth Free Read ↗

Published Classic The Review of Economics and Statistics Published Aug 1957

Technical Change and the Aggregate Production Function

Robert M. Solow

Robert Solow's 1957 paper proposes a simple method for separating shifts in the aggregate production function ("technical change," broadly defined) from movements along it caused by capital …

Economic Growth Productivity Tfp Free Read ↗