From Long-Run Utopia to Technical Expertise: Solow's Growth Model as a Multipurpose Design

Arbeitspapier

Combining concrete policy-oriented modeling strategies of World War II with what was received as traditional neoclassical theory, in 1956 Robert Solow constructed a simple, clean, and smooth-functioning "design" model that served many different purposes. As a working object it enabled experimentation with long-run equilibrium growth. As an instrument of measurement it was applied to time series data. As a prototype it was supposed to feed into larger-scale econometric models that were, in turn, thought of as technologies for policy advice. Used as a teaching device, Solow's design became a medium of "spreading the technique," and one of the symbols for neoclassical macroeconomics that soon became associated with MIT.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CHOPE Working Paper ; No. 2014-09

Klassifikation und Themen

• Klassifikation: Wirtschaft ; History of Economic Thought: Macroeconomics ; History of Economic Thought: Quantitative and Mathematical ; History of Economic Thought: Individuals ; Economic Methodology: General
• Thema: model ; modeling ; Robert Solow ; growth theory ; growth ; neoclassical growth model ; linear programming ; dynamic programming ; design model ; Harvard Economic Research Project ; Massachusetts Institute of Technology

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Halsmayer, Verena
• Ereignis: Veröffentlichung
• (wer): Duke University, Center for the History of Political Economy (CHOPE)
• (wo): Durham, NC
• (wann): 2014

Weitere Informationen

• Handle: http://hdl.handle.net/10419/149721
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ