Robert Merton Solow: Macroeconomics of Medium-Run Dynamics

Kumaraswamy Velupillai

Chapter 1 in The Palgrave Companion to MIT Economics, 2025, pp 3-26 from Springer

Abstract: Abstract Robert Solow was a neoclassical macroeconomist par excellence. He was awarded the Nobel Memorial Prize for Economic Sciences in 1987 for developing the neoclassical approach to growth theory. Solow’s view of the short-term is via the traditional IS-LM apparatus of Hicks; his long-term is viewed in terms of neoclassical growth theory. In this chapter, I try to codify the “muddled” middle-run dynamics; all the time phases are aggregative.

Keywords: Solow; Macroeconomics; Neoclassical; Equilibrium; Stability; Growth; Business cycles (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/978-3-031-77623-6_1

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