Robert Solow on Growth and the State of Economics

Robert Solow, Professor Emeritus at Massachusetts Institute of Technology and Nobel Laureate, talks with EconTalk host Russ Roberts about his hugely influential theory of growth and inspiration to create a model that better reflected the stable long-term growth of an economy. Solow contends that capital accumulation cannot explain a significant portion of the economic growth we see. He makes a critical distinction between innovation and technology, and then discusses his views on Milton Friedman and John M. Keynes.

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Robert Solow on Growth and the State of Economics is an episode from EconTalk Archives, 2014 by Library of Economics and Liberty.

This episode is 1:02:06 long.

This episode was published on Oct 27, 2014.

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