Economist

Robert Solow

Robert Solow

Born:

Robert Solow is an American economist who known for his work on the theory of economic growth born on 23 August 1924, In Brooklyn, New York.

Family Background:

He is the son of Milton Henry Solow and his wife Hannah Gertrude Sarney. His father was involved in an International business dealing.

Personal Life:

In 1945, He married Barbara Lewis. They have three children, Two sons, and one Daughter.

Education:

He started his education at the neighborhood public school. In September 1940, He went Harvard College with the scholarship at the age 16. At the end of 1942, He joined the U.S. Army. In 1945, He returned to Harvard and studied the research assistant under Wassily Leontief. In 1947, He had completed his B.A degree and received M.A degree in 1949 from the Harvard University.

Career:

In 1949, He had offered the post of assistant professor in the department of economics at Massachusetts Institute of Technology. He accepted and joined the MIT in 1950. At MIT he taught econometrics and statistics course. During 1953, He had worked with Samuelson on the ‘Von Neumann growth theory. During 1956, he worked on ‘theory of capital’. During 1958 and 1960, He had worked on ‘Linear programming theory and ‘Phillips curve’ In 1958, He became the full professor at MIT. later he had joined the ‘Council of Economic Advisers’ as a Senior economist and worked from 1961 to 1962, and from 1962 to 1968, he worked as a consultant for the council. From 1964 to 1965, He had been the member of the President Johnson’s Committee on technology, Automation, and Economics Process. He had been also the member of ‘Commission on Income Maintenance’ from 1968 to 1970.

Unknown Facts:

  • He becomes a trustee of the Economists for Peace and Security.
  • He is the founder of the Cournot Foundation and the Cournot Centre.

Master Stroke:

  • Solow had accepted the appointment as new chairman of I.S.E.O institute, was an Italian non-profit cultural association with organizes international conference and summer school.
  • He writes an article titled “A Contribution to the theory of Economic Growth”.

Awand and Achievements:

  • In 1987, He received the Nobel Prize in Economic Science.
  • In 1999, He had been awarded the “National Medal of Science”.
  • In 2011, He had been awarded an honorary D.sc. degree from the Tuft University.
  • In 2014, He received the Presidential Medal of Freedom.

What can we learn from him??

Like Robert Solow, Do your work with full perfection. Believe in yourself. Never expect from other.

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