Robert Solow
Robert Solow
Robert Merton Solowis an American economist particularly known for his work on the theory of economic growth that culminated in the exogenous growth model named after him. He was awarded the John Bates Clark Medal, the Nobel Memorial Prize in Economic Sciencesand the 2014 Presidential Medal of Freedom...
NationalityAmerican
ProfessionEconomist
Date of Birth23 August 1924
CountryUnited States of America
milton money reminds
Everything reminds Milton Friedman of the money supply. Well, everything reminds me of sex, but I keep it out of the paper.
adam articles began begin certainly growth maybe smith theory wealth
Growth theory did not begin with my articles of 1956 and 1957, and it certainly did not end there. Maybe it began with 'The Wealth of Nations'; and probably even Adam Smith had predecessors.
blow crazy investors tomorrow worried
Investors are worried that something is going to blow up tomorrow -- they just think it's a crazy world.
capitalist itself key net positive
The key thing about wealth in a capitalist economy is that it reproduces itself and usually earns a positive net return.
two three als
If God had meant there to be more than two factors of production, He would have made it easier for us to draw three-dimension al diagrams.
zoos reading blood
I remember once reading that it is still not understood how the giraffe manages to pump an adequate blood supply all the way up to its head; but it is hard to imagine that anyone would conclude tht giraffes do not have long necks. At least not anyone who had ever been to a zoo
land rights government
The user of land should not be allowed to acquire rights of indefinite duration for single payments. For efficiency, for adequate revenue and for justice, every user of land should be required to make an annual payment to the local government equal to the current rental value of the land that he or she prevents others from using.
weed jobs fun
But part of the job of economics is weeding out errors. That is much harder than making them, but also more fun.
cultural descent excellence forces innate markets moral offer promote resistance tendency
well-functioning markets have no innate tendency to promote excellence in any form. They offer no resistance to forces making for a descent into cultural barbarity or moral depravity.