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Robert Solow was born in Brooklyn, New York, into a Jewish family on August 23, 1924, the oldest of three children. He attended local public school and excelled academically early in life. [ 37 ] In September 1940, Solow went to Harvard College with a scholarship at the age of 16.
The term was coined by Erik Brynjolfsson in a 1993 paper ("The Productivity Paradox of IT") [1] inspired by a quip by Nobel Laureate Robert Solow "You can see the computer age everywhere but in the productivity statistics." [2] For this reason, it is also sometimes also referred to as the Solow paradox.
Nobel laureate Robert Solow, credited as the founder of the modern model of economic growth, died on Thursday at the age of 99. Through his writings in the 1950s, Solow challenged traditional ...
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Robert Solow, who had been a vocal critic of LTG, said in 2009 that "thirty years later, the situation may have changed... it will probably be more important in the future to deal intellectually, quantitatively, as well as practically, with the mutual interdependence of economic growth, natural resource availability, and environmental constraints".
[1]: 26 The model was developed independently by Robert Solow and Trevor Swan in 1956, [2] [3] [note 1] and superseded the Keynesian Harrod–Domar model. Mathematically, the Solow–Swan model is a nonlinear system consisting of a single ordinary differential equation that models the evolution of the per capita stock of capital. Due to its ...
Environmental economists and critics of globalized capitalism take issue with this theory for a number of reasons. Environmentalists disagree with Solow's conclusion about the role of technology because it neglects to consider the increases in exploitation of natural resources which may be responsible for much of the growth attributed to ...