IN CONTEXT
Growth and development
Robert Solow (1924–)
1776 Adam Smith poses the question of what makes economies prosper in The Wealth of Nations.
1930s and 1940s Economists Roy Harrod of the UK and Russian-American Evsey Domar devise a growth model containing Keynesian (government interventionist) assumptions.
1980s US economists Paul Romer and Robert Lucas introduce Endogenous Growth Theory, suggesting that growth is primarily the result of internal factors.
1988 US economist Brad DeLong finds little evidence for the basic convergence prediction of the Solow model.
In the 1950s US economist Robert Solow devised a model of ...
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