Robert Solow
A Nobel laureate whose Solow-Swan model provided a fundamental framework for understanding economic growth and the role of technological progress.
Quotes by Robert Solow
Innovation is the child of freedom, not of conformity.
We economists are very good at describing the world as it is, but not so good at saying what it ought to be.
The Solow model is a parables, not a theory.
Productivity growth is the star performance of the American economy.
Life is too short for bad coffee and bad economics.
The future is not what it used to be.
Technological progress has been surprisingly slow.
Economics without history is like a car without wheels.
I never claimed to have invented growth theory; I just formalized it.
The trouble with the rat race is that even if you win, you're still a rat.
Savings are for the birds; investment is what matters.
In the long run, we are all dead—wait, that's Keynes; I'm still alive.
The measure of economic progress is not just GDP, but how people live.
Models are to be used, not believed.
Happiness is a positive cash flow.
The neoclassical synthesis was a useful fiction.
Education is the most powerful weapon for changing the world—wait, that's Mandela; but economists agree.
Inequality is not inevitable; it's a policy choice.
The steady state is a myth in a dynamic world.
Life's too short to fold fitted sheets or solve every econometric puzzle.