Hayek Order

Tuesday, January 2, 2024

Robert Solow Died at 99


Recently, the Nobel Prize winning economist Rober Solow died aged 99. Below are few articles on his life and works, of which some are very relevant to Indian economy:

Solow's lessions for Indian economy 

Solow changed the way we think about economic phenomena. He made seminal contributions to growth theory

His elegant work established that the main determinant of economic growth was technology, not growing capital and labor.

He left school in 1942 to join the Army and served in North Africa, Sicily and Italy until World War II ended in 1945. Back at Harvard, he delved into economics and became research assistant to Wassily Leontief, the Russian economist who would win the Nobel in 1973

Solow’s interest in the topic dates back to the 1940s: his doctoral thesis at Harvard focused on income inequality, though his perspective then was markedly different.

He was also known for highlighting the role of technological innovation — and economies’ capacity to adapt to it — as the ultimate force behind sustained economic prosperity.

Robert Solow: An Affectionate Portrait

“Everything reminds me of sex, but I try to keep it out of my papers.”

Robert Solow's interview

Economic History and Economics by Rober Solow

idea that everybody is everywhere and always maximizing profits turned out to be not quite right.


Chandra at 7:34 PM

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