Massachusetts Institute of Technology
Sign in | Create Account

Robert Solow - The State of the Economy & Some Implications for the Energy Industry

Robert Solow
Nobel Laureate, 1987
Institute Professor, Emeritus

Robert M. Solow is considered to be one of the founders of modern neoclassical economics. He utilized determinants of economic growth to be separated out into increases in inputs and technical progress. Using his model, he calculated that about four-fifths of the growth in U.S. output per worker was attributable to technical progress. Solow also was the first to develop a growth model with different vintages of capital.

Professor Solow held several government positions, including Senior Economist for the Council of Economic Advisers, and member of the President's Commission on Income Maintenance (1968-70). He won the 1961 American Economic Associations John Bates Clark award in 1961, and the Nobel Prize in 1987 for his analysis of economic growth. Solow also received the National Medal of Science in 1999.

Comments (0)

It looks like no one has posted a comment yet. You can be the first!

You need to log in, in order to post comments. If you don’t have an account yet, sign up now!

MIT Energy Initiative

MIT Energy Initiative

Category: Global Awareness & Action | Updated 23 days ago

Created
October 28, 2011 10:20
Category
License
All Rights Reserved (What is this?)
Additional Files


Viewed
6042 times

More from MIT Energy Initiative

C3E 2012: Welcome Address - Dr. Susan Hockfield, President Emerita, MIT

C3E 2012: Welcome Address - Dr. Sus...

Added 2 years ago | 00:12:55 | 1455 views

Dan Rather Reports - March 1, 2011 - "Power Play"

Dan Rather Reports - March 1, 2011 ...

Added over 3 years ago | 00:08:00 | 19889 views

Panel Discussion - UN Climate Change Conference: Implications for Domestic Energy Policy, Copenhagen, and Beyond

Panel Discussion - UN Climate Chang...

Added over 5 years ago | 01:27:51 | 25597 views

Stephen Selkowitz: Zero Energy Buildings - Potentials and Realities

Stephen Selkowitz: Zero Energy Buil...

Added almost 6 years ago | 01:37:00 | 42978 views

C3E 2012: Moving Ideas From Laboratory to Marketplace

C3E 2012: Moving Ideas From Laborat...

Added 2 years ago | 00:47:28 | 1955 views

The Future of Natural Gas as a Transportation Fuel - Michael Gallagher

The Future of Natural Gas as a Tran...

Added 2 years ago | 01:12:41 | 3375 views