Solow's Struggle with Medium-Run Macroeconomics: 1956-1995

Michaël Assous

No 2013-17, Center for the History of Political Economy Working Paper Series from Center for the History of Political Economy

Abstract: Solow has repeatedly called for the development of models that combine equilibrium and out-of equilibrium outcomes or what he called a macroeconomics of the medium-run. This paper recounts the history of Solow’s different attempts to address this issue. It starts in early 1950s when Solow developed his long-run growth model and it ends in the mid 1990s with the publication of A Critical Essay on Modern Macroeconomic Theory co-written with Frank Hahn. This narrative involves different economists associated with various research traditions, going from the neo-classical synthesis in the 1960s, the New Classical Economics in the 1970s and the New Keynesianism in the 1980s.

Keywords: economic growth; Robert Solow; Medium-Run macroeconomics; dynamics; multiple equilibria (search for similar items in EconPapers)
Pages: 47
Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hope.econ.duke.edu/node/836 main text
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://hope.econ.duke.edu/node/836 [301 Moved Permanently]--> https://hope.econ.duke.edu/node/836)

Related works:
Working Paper: Solow's Struggle with Medium-Run Macroeconomics: 1956-1995 (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hec:heccee:2013-17

Access Statistics for this paper

More papers in Center for the History of Political Economy Working Paper Series from Center for the History of Political Economy Center for the History of Political Economy Box 90097 Durham, NC 27708-0097.
Bibliographic data for series maintained by Center for the History of Political Economy Webmaster ().