Friday , April 19 2024
Home / EconoSpeak / In Memoriam: Robert Solow

In Memoriam: Robert Solow

Summary:
One of the tallest trees in the economic forest has fallen:  Bob Solow has died at the age of 99.The modern study of economic growth could not have happened without his work, of course.  He was also one of the funniest economists I know. For years I have had the following quote from him on my office door,  which hilariously sums up his attitude to Lucas and Sargent on business cycles:"Suppose someone sits down where you are sitting right now and announces to me that he is Napoleon Bonaparte. The last thing I want to do with him is get involved in a technical discussion of cavalry tactics at the battle of Austerlitz. If I do that, I'm getting tacitly drawn into the game that he is Napoleon. Now, Bob Lucas and Tom Sargent like nothing better than to get drawn into technical

Topics:
kevin quinn considers the following as important:

This could be interesting, too:

Lars Pålsson Syll writes Cutting-edge macroeconomics …

Robert Vienneau writes A Letter From Marx To Engels In 1858 Outlining His Critique Of Political Economy

Lars Pålsson Syll writes Cutting-edge macroeconomics …

Lars Pålsson Syll writes The greatest of them all

     One of the tallest trees in the economic forest has fallen:  Bob Solow has died at the age of 99.

The modern study of economic growth could not have happened without his work, of course.  He was also one of the funniest economists I know. For years I have had the following quote from him on my office door,  which hilariously sums up his attitude to Lucas and Sargent on business cycles:
"Suppose someone sits down where you are sitting right now and announces to me that he is Napoleon Bonaparte. The last thing I want to do with him is get involved in a technical discussion of cavalry tactics at the battle of Austerlitz. If I do that, I'm getting tacitly drawn into the game that he is Napoleon. Now, Bob Lucas and Tom Sargent like nothing better than to get drawn into technical discussions, because then you have tacitly gone along with their fundamental assumptions; your attention is attracted away from the basic weakness of the whole story. Since I find that fundamental framework ludicrous, I respond by treating it as ludicrous—that is, by laughing at itso as not to fall into the trap of taking it seriously and passing on to matters of technique."
RIP, Robert Solow

Leave a Reply

Your email address will not be published. Required fields are marked *