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Last summer, as he turned 95, the economist Robert M. Solow sat at home poring over a draft outline of “The Work of the Future,” an MIT report about technology, jobs, and economic growth. Solow has been studying these topics since he returned from fighting in World War II—and won a Nobel Prize in 1987…
His elegant work established that the main determinant of economic growth was technology, not growing capital and labor.
Nobel-laureate Robert Solow, credited as the founder of the modern model of economic growth, died on Thursday at the age of 99.
Robert M. Solow, a groundbreaking MIT economist and Nobel laureate, has died at age 99, leaving behind a rich legacy of scholarship and teaching.