Robert Solow

Robert M. Solow (August 23, 1924-) is an American economist particularly known for his work on the theory of economic growth. He was awarded the Nobel Prize in Economics in 1987.

Solow was born in Brooklyn, New York. He served in the United States Army from 1942 to 1945. He earned his doctorate in economics at Harvard University, studying under Wassily Leontief[?].

Solow's model of economic growth, often known as the neo-classical growth model[?], allows the determinants of economic growth to be separated out into increases in inputs (labour and capital) and technical progress. Using his model, Solow calculated that about four fifths of the growth in US output per worker was attributable to technical progress.

Since Solow's inital work in the 1950s, many more sophisticated models of economic growth have been proposed, leading to varying conclusions about the causes of economic growth.

He has held positions at Columbia University and MIT.

See also

• growth accounting

• List of economists
• List of economics consultancies and think tanks
• Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel

External references

• Nobel Autobiography (http://www.nobel.se/economics/laureates/1987/solow-autobio.html)
• articles (http://www.nybooks.com/authors/162) written by Solow for the New York Review of Books[?]