This collection addresses the history of modern growth economics and the role of the American economist and Nobel laureate Robert Solow in developing it as a major area of research in macroeconomics and economic theory. While the concept of growth has been central to economic thought since at least the eighteenth century, the modern analysis of growth using formal models came about largely because of Solow's articles "A Contribution to the Theory of Economic Growth" and "Technical Change and the Aggregate Production ...
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This collection addresses the history of modern growth economics and the role of the American economist and Nobel laureate Robert Solow in developing it as a major area of research in macroeconomics and economic theory. While the concept of growth has been central to economic thought since at least the eighteenth century, the modern analysis of growth using formal models came about largely because of Solow's articles "A Contribution to the Theory of Economic Growth" and "Technical Change and the Aggregate Production Function". The essays in this supplement consider the rise of growth economics as an active field of research in the 1950s, its extension into other branches of the discipline in the 1960s, its decline in the 1970s, and its return to the center stage of macroeconomics over the last twenty years. Contributors include: William J. Baumol; Mauro Boianovsky; Marcel Boumans; Edwin Burmeister; Nicholas Crafts; William Darity Jr.;Robert W. Dimand; Steven N. Durlauf; Guido Erreygers; Pedro Garcia Duarte; Harald Hagemann; Kevin D. Hoover; Francisco Louca; Tiago Mata; Lionello Punzo; Roger J. Sandilands; Brian Snowdon; Robert Solow; Barbara J. Spencer; and, John Toye.
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Add this copy of Robert Solow and the Development of Growth Economics to cart. $507.00, like new condition, Sold by Raptis Rare Books rated 5.0 out of 5 stars, ships from Palm Beach, FL, UNITED STATES, published by Duke University Press.
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First edition of this work by the Nobel Prize-winning economist. Octavo, original cloth. Signed by Robert Solow on the title page. In fine condition, no dust jacket was issued for this volume. Robert Merton Solow is known for his work on the theory of economic growth that culminated in the exogenous growth model named after him. He was awarded the John Bates Clark Medal (in 1961), Nobel Memorial Prize in Economic Sciences (in 1987) and the 2014 Presidential Medal of Freedom. Solow, along with colleague Paul Samuelson were responsible for MIT becoming the top ranked economics department. The MIT economists were thus growthmen in two senses: in seeing growth as an absolutely central policy imperative and in seeing the theory of growth as a focus for economic research. What the MIT growthmen added was a distinctive style of analysis that made it easier to address the dominant policy concerns in tractable formal models. Solow's (1956) model was the perfect exemplar of the MIT style. It provided the central framework for the subsequent developments in growth theory and secured MIT as the center of the universe in the golden age of growth theory in the 1960s (Boianovsky and Hoover 199-200).
