This book by a Nobel laureate in economics begins with a brief exposition of Kenneth J. Arrow's classic paper "The Economic Implications of Learning by Doing" (1962). It shows how Arrow's idea fits into the modern theory of economic growth, and uses it as a springboard for a critical consideration of spectacular recent developments that have made growth theory a dynamic topic today. The author then develops a new...
Robert M. Solow is Emeritus Institute Professor of Economics at the Massachusetts Institute of Technology. He is the author of several books, most recently A Critical Essay in Modern Macroeconomic Theory (with F. Hahn).
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