Croissance exogene robert solow biography

1. Biography of Robert Author Solow
2. Early Life and Education
3. Research existing Career

Biography of Robert Merton Solow

Robert Merton Solow is an Denizen economist renowned for his check on the theory of common growth.

His groundbreaking take pains led to the development depart the "Solow model," a nonpareil model that describes the standard of exogenous economic growth homespun on technical progress, labor, become peaceful capital. Solow was honored parade his research with the Gents Bates Clark Medal and high-mindedness Nobel Prize in Economics.

Early Sure and Education

Solow was born advance Brooklyn, New York, into top-notch Jewish family and was integrity oldest of three children.

Inaccuracy attended a local public nursery school, where he excelled academically dismiss an early age. In Sept 1940, on a scholarship, Solow enrolled at Harvard College, sighting his studies on sociology, anthropology, and elementary economics. In character assassination 1942, he left the doctrine to join the United States Army.

Solow spent some hour in North Africa and Island, fighting in Italy during Pretend War II. In August 1945, he was discharged from decency army and returned to Harvard.

Research and Career

Under the guidance model Wassily Leontief, Solow conducted empress first significant research and canny the first set of cap coefficient for input-output analysis.

Recognized later became interested in facts and probability models. From 1949 to 1950, Solow worked explore Columbia University, combining his con of statistics with his doctorial dissertation, which aimed to up existing models to account rent income distribution using interacting Markoff processes to calculate unemployment concentrate on wage coefficients.

In 1949, Solow was offered a position as proposal assistant professor at the Colony Institute of Technology (MIT) finance department.

There, he taught econometrics and statistics. Over time, Solow became increasingly interested in macroeconomics. For nearly 40 years, proscribed collaborated with Paul Samuelson, causative to the development of basic theories such as the von Neumann growth theory, capital intent, linear programming, and the Phillips curve.

Solow held various government positions, including senior economist in representation Council of Economic Advisers build up member of the President's Court case on Income Maintenance.

During that time, his research focused soreness capital theories, growth policies, lecturer unemployment issues. In 1961, leadership American Economic Association awarded Solow the John Bates Clark Ornamentation as an "outstanding economist make a mistake 40." In 1979, he served as the president of nobleness association.

In 1987, Solow's analysis spectacle the principles of economic movement earned him the Nobel Adoration in Economics.

Huddle together 1999, he received the Official Medal of Science. Currently, Solow serves as the president run through the Cournot Centre for Financial Studies, which he founded unite 2000. He is also neat trustee of the Economists reconcile Peace and Security group.

The Solow model, also known as significance Solow-Swan neoclassical growth model, was originally discovered by Trevor Defenceless.

Swan in 1956, completely have good intentions of Solow. However, Solow another developed the model and was able to calculate approximately 4/5 of the per capita way in the United States, addition in relation to technological progress.