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In the Kingdom of Solovia: The Rise of Growth Economics at MIT, 1956-1970

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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 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, "undated". "In the Kingdom of Solovia: The Rise of Growth Economics at MIT, 1956-1970," Center for the History of Political Economy Working Paper Series 2013-04 4Creation-Date: 2, Center for the History of Political Economy.
  • Handle: RePEc:hec:heccee:2013-4
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    File URL: http://hope.econ.duke.edu/node/793
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    More about this item

    Keywords

    growth theory; development economics; MIT; Robert Solow; endogenous growth models; technical progress;

    JEL classification:

    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical

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