Download This PaperIn the Kingdom of Solovia: The Rise of Growth Economics at MIT, 1956-1970
Center for the History of Political Economy CHOPE Working Paper No. 2013-04
44 Pages Posted: 30 Jun 2013 Last revised: 1 Jul 2013
Date Written: June 24, 2013
Abstract
From its flow tide, fueled by the Cold War, to its ebbing with the anti-growth movement and the economic crises of the early 1970s, the “growthmen” of MIT stood at the center of the dominant field in macroeconomics. The history of MIT growth economics is traced from Solow’s seminal neoclassical growth model of 1956 through the stabilization of growth theory in the first graduate textbooks.
Keywords: growth theory, development economics, MIT, Robert Solow, endogenous growth models, technical progress
JEL Classification: B2, B22, O4, O11, E12, E13
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