The 1956 contribution to economic growth theory by Robert Solow: a major landmark and some of its undiscovered riches
in Oxford Review of Economic Policy
March 2007; p ublished online January 2007 .
Journal Article. Subjects: History of Economic Thought (to 1925); History of Economic Thought (1925 onwards); Economic Growth and Aggregate Productivity. 4552 words.
The famous ‘1956’ contribution by Robert Solow was always thought to be central to positive, or descriptive, economic growth theory. We show that it is also at the core of optimal growth,...