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In the Kingdom of Solovia: The Rise of Growth Economics at MIT, 1956-70

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  • Mauro Boianovsky
  • Kevin D. Hoover

Abstract

From its flow tide, fueled by the Cold War, to its ebbing with the anti-growth movement and the economic crises of the early 1970s, the “growthmen” of MIT stood at the center of the dominant field in macroeconomics. The history of MIT growth economics is traced from Robert Solow’s seminal neoclassical growth model of 1956 through the stabilization of growth theory in the first graduate textbooks.

Suggested Citation

  • Mauro Boianovsky & Kevin D. Hoover, 2014. "In the Kingdom of Solovia: The Rise of Growth Economics at MIT, 1956-70," History of Political Economy, Duke University Press, vol. 46(5), pages 198-228, Supplemen.
    • Handle: RePEc:hop:hopeec:v:46:y:2014:i:5:p:198-228
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    Cited by:

    1. Mauro BoianovskyBy, 2017. "Optimum saving and growth: Harrod on dynamic welfare economics," Oxford Economic Papers, Oxford University Press, vol. 69(4), pages 1120-1137.
    2. Michaël Assous & Muriel Dal Pont Legrand, 2020. "Growth Without Expectations: The Original Sin of Neoclassical Growth Models," Springer Studies in the History of Economic Thought, in: Arie Arnon & Warren Young & Karine van der Beek (ed.), Expectations, pages 121-130, Springer.
    3. Matheus Assaf, 2017. "Coast to Coast: How MIT's students linked the Solow model and optimal growth theory," Working Papers, Department of Economics 2017_20, University of São Paulo (FEA-USP).
    4. Michaël Assous & Muriel Dal Pont Legrand & Sonia Manseri, 2020. "Samuelson's Neoclassical Synthesis in the Context of Growth Economics, 1956-1967," GREDEG Working Papers 2020-12, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    5. Matheus Assaf & Pedro Garcia Duarte, 2018. "Utility Matters: Edmond Malinvaud and growth theory in the 1950s and 1960s," Working Papers, Department of Economics 2018_03, University of São Paulo (FEA-USP).

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    Keywords

    MIT; growth theory; Robert Solow;
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