Solow's Struggle with Medium-Run Macroeconomics: 1956-1995
Solow has repeatedly called for the development of models that combine equilibrium and out-of equilibrium outcomes or what he called a macroeconomics of the medium-run. This paper recounts the history of Solow’s different attempts to address this issue. It starts in early 1950s when Solow developed his long-run growth model and it ends in the mid-1990s with the publication of A Critical Essay on Modern Macroeconomic Theory co-written with Frank Hahn. This narrative involves different economists associated with various research traditions, going from the neo-classical synthesis in the 1960s, the New Classical Economics in the 1970s and the New Keynesianism in the 1980s.
|Date of creation:||Nov 2013|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://www.gredeg.cnrs.fr
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Michel DE VROEY & Pedro GARCIA DUARTE, 2012.
"In Search Of Lost Time: The Neoclassical Synthesis,"
Discussion Papers (IRES - Institut de Recherches Economiques et Sociales)
2012026, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- De Vroey Michel & Duarte Pedro Garcia, 2013. "In search of lost time: the neoclassical synthesis," The B.E. Journal of Macroeconomics, De Gruyter, vol. 13(1), pages 1-31, January.
- Michel De Vroey & Pedro Garcia Duarte, 2012. "In Search of Lost Time: The Neoclassical Synthesis," Working Papers, Department of Economics 2012_07, University of São Paulo (FEA-USP).
- Pedro Garcia Duarte & Michel De Vroey, 2014. "In Search Of Lost Time: The Neoclassicalsynthesis," Anais do XL Encontro Nacional de Economia [Proceedings of the 40th Brazilian Economics Meeting] 005, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
- T. W. Swan, 1956. "ECONOMIC GROWTH and CAPITAL ACCUMULATION," The Economic Record, The Economic Society of Australia, vol. 32(2), pages 334-361, November.
- McDonald, Ian M & Solow, Robert M, 1985. "Wages and Employment in a Segmented Labor Market," The Quarterly Journal of Economics, MIT Press, vol. 100(4), pages 1115-41, November.
- Thor Hultgren, 1960. "Appendices to "Changes in Labor Cost During Cycles in Production and Business"," NBER Chapters, in: Changes in Labor Cost During Cycles in Production and Business, pages 79-85 National Bureau of Economic Research, Inc.
- Solow, Robert M., 1987.
"Growth Theory and After,"
Nobel Prize in Economics documents
1987-1, Nobel Prize Committee.
- Robert M. Solow, 1979. "Alternative Approaches to Macroeconomic Theory: A Partial View," Canadian Journal of Economics, Canadian Economics Association, vol. 12(3), pages 339-54, August.
- Verena Halsmayer & Kevin D. Hoover, 2013. "Solow’s Harrod: Transforming Cyclical Dynamics into a Model of Long-run Growth," Center for the History of Political Economy Working Paper Series 2013-02, Center for the History of Political Economy.
- Robert M. Solow, 2007. "The last 50 years in growth theory and the next 10," Oxford Review of Economic Policy, Oxford University Press, vol. 23(1), pages 3-14, Spring.
- Thor Hultgren, 1960. "Changes in Labor Cost During Cycles in Production and Business," NBER Books, National Bureau of Economic Research, Inc, number hult60-1, July.
When requesting a correction, please mention this item's handle: RePEc:gre:wpaper:2013-41. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Patrice Bougette)
If references are entirely missing, you can add them using this form.