|
|
Article: M.I.T. Economist Robert Solow Wins Nobel for Study of Growth
- Article from:
- The Washington Post
- Article date:
- October 22, 1987
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
|
Robert M. Solow, an economist at the Massachusetts Institute of
Technology, yesterday was awarded the Nobel Prize for economics for
his work in determining the sources of economic growth.
Solow, 63, is a witty, engaging man held in unusually high
regard by other economists not only for his analytic and research
abilities, but also for keeping that research relevant to the real
economic world.
The work cited by the Nobel committee for the award was done in
the mid-1950s. Solow studied the period 1909-1949 in the United
States and concluded that the bulk of the increase in the economy's
output, other than that due simply to having more people at work as
the population grew, was the ...