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Nobel winning Economist Robert Solow Dies at 99

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24-Dec-23

Robert M. Solow, who won the 1987 Nobel Prize in economics for exploring the impact of technology on economic growth, work that spawned a wider understanding of what drives the expansion of industrial economics, died Dec. 21 at his home in Lexington, Mass. He was 99.

The death was confirmed by his son John. No cause was given.
The son of a fur buyer, Dr. Solow was a Brooklyn-born Harvard graduate with a quicksilver wit and liberal political leanings. His research made him a respected voice on public policy, particularly on matters of employment.
Dr. Solow, who spent most of his career teaching at the Massachusetts Institute of Technology, served on government panels and was a senior staff economist on President John F. Kennedy’s Council of Economic Advisers in the early 1960s.
He was a believer in the Keynesian theory of government intervention in the economy, which put him at odds with conservative economists such as Milton Friedman, a Nobel laureate who espoused free markets.

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