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 …
PublishedClassicThe Review of Economics and StatisticsPublished Aug 1957
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 …