 Economics at Harvard and MITChapter Chapter 2 in Economic Theory in the Twentieth Century, An Intellectual History—Volume III, 2024, pp 27-68 from Springer Abstract: Abstract The chapter deals with economics in the American Cambridge, at Harvard and MIT, with the rise to prominence of the MIT Department of Economics where Paul Samuelson, Robert Solow, Franco Modigliani and many other eminent economists made MIT the main center of the neoclassical synthesis in the United States and world. Samuelson’s Foundations of Economic Analysis, the end point of the evolution of analytical economics from Walras and Pareto to Hicks, is carefully analyzed. The analysis of the main works of Modigliani and Solow follows: Modigliani’s contributions to macroeconomic theory, designed to integrate Keynesian and classical monetary theory, to the theory of saving and to the theory of corporate finance, and Solow’s contributions to the theory of economic growth are analyzed. Lastly, the unemployment/price-inflation version of the Phillips curve made by Samuelson and Solow is considered. Keywords: Neoclassical synthesis; P. Samuelson; Foundation of Economic Analysis; F. Modigliani; Keynesian system; Life-cycle hypothesis; Theory of corporate finance; R. Solow; Economics of growth; Phillips curve (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-50222-4_2 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-50222-4_2 Access Statistics for this chapter More chapters in Springer Books from Springer |
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