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History of Economic Thought x Economic Development and Growth x Economic Growth and Aggregate Productivity x clear all

The last 50 years in growth theory and the next 10

Robert M. Solow.

in Oxford Review of Economic Policy

March 2007; p ublished online January 2007 .

Journal Article. Subjects: History of Economic Thought (1925 onwards); General Aggregative Models; Economic Growth and Aggregate Productivity. 7440 words.

This article offers a personal view of the main achievements of (broadly) neoclassical growth theory, along with a few of the important gaps that remain. It discusses briefly the pluses and...

The 1956 contribution to economic growth theory by Robert Solow: a major landmark and some of its undiscovered riches

Olivier de La Grandville.

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,...