In recollecting Schumpeter, it is hard to tear oneself away from the exotic manner, the dubious politics, the carefully crafted image, the hidden sel… - Robert Solow

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In recollecting Schumpeter, it is hard to tear oneself away from the exotic manner, the dubious politics, the carefully crafted image, the hidden self-doubts, the convoluted life story, the complicated relations to three wives and several non-wives.

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About Robert Solow

Robert Merton Solow (August 23, 1924 – December 21, 2023) was an American economist particularly known for his work on the theory of economic growth that culminated in the exogenous growth model named after him. He was awarded the John Bates Clark Medal (in 1961) and the 1987 Nobel Memorial Prize in Economic Sciences.

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Native Name: Robert Merton Solow

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Additional quotes by Robert Solow

I think that this is Schumpeter’s main legacy to economics: the role of technological and organizational innovation in driving and shaping the growth trajectory of capitalist economies.

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Well, I certainly was not going to study physics, and I knew I was not going to study biology, but I could have become a sociologist or an anthropologist. However, I found sociology a little soft. I think that somewhere in my mind, I probably already had the notion – which turned out to be right – that if I was going to be a social scientist of some kind, I would like a rigorous social science. The analytical aspect of economics already appealed to me. That must have been so. It was not really a matter of chance. But if my wife had said ‘oh, no, economics was terribly boring’, I would probably have found something else to do.

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