{"title":"Robert M Solow","description":null,"products":[{"product_id":"work-and-welfare-book-robert-m-solow-9780691058832","title":"Work and Welfare","description":"Draws attention to one of the most controversial social issues: how to get people off welfare and into jobs. This book condemns the welfare reforms passed by Congress and President Clinton for confronting welfare recipients with an unworkable choice - finding work in the current labor market or losing benefits.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49628250505489,"sku":"GOR009322994","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ VERY_GOOD \/ SBYB","offer_id":51322630504721,"sku":"CIN0691058830VG","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"US \/ GOOD \/ SBYB","offer_id":53420440617233,"sku":"CIN0691058830G","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0691058830.jpg?v=1790210908"},{"product_id":"growth-theory-book-robert-m-solow-9780195109030","title":"Growth Theory","description":"In the preface to the first edition of Growth Theory (copyright 1970), the author writes: \"I have tried to give some feeling for the scope of aggregate theory of growth, a notion of technical details, and some idea of the directions in which future research is likely to go. \n About four years ago, the OUP NY economics editor suggested to Professor Solow that he bring this book up to date, because of the large amount of recent literature, often referred to as the \"new growth theory,\" or more technically as \"endogenous growth theory\". This second edition of Growth Theory, which grew out of that conversation, begins with the author's Nobel Prize Lecture \"Growth Theory and After\" (1987) followed by the original six chapters of the first edition. The first edition appeared in 1970; the author maintains that basic growth theory is still best summarized in these chapters, using what is often classified as \"exogenous growth theory.\" In the 70s, which happened to coincide witha worldwide productivity slowdown, very little new work occurred in growth theory. It wasn't until the 1980s that a surge of new writing appeared, with the work of Roemer, Lucas, and others, what the author refers to as \"an astonishing burst of theoretical and empirical research that still continues.\" \n The author developed \"a second half\" of the book for this edition, six entirely new chpaters in which he discusses new growth theory (endogenous growth theory) and its relationship to exogenous theory. As a \"bridge\" between the two sets of chapters, he has written an essay entitled \"Intermezzo\" in which he discusses the relatively inactive period for growth theory in the 70s, before introducing the \"new\" endogenous theory of growth and contrasting it with earlier work. \n Solow is quick to agree that older growth theory can aptly be described as \"exogenous,\" because the growth rate itself was left unexplained, or rather was considered a \"given\" (basically a result of the actual rate of labor-augmenting technology). But treating the growth rate as exogenous does not make it a permanent constant or inexplicable. Certainly things can be said about a variety of (exogenous) factors affecting the growth rate; nevertheless the \"old\" theory did not provide, or try to give, a systematic theory of the growth rate. To sum up, according to the author, the way to understand exogenous growth theory is to show how aggregate output adjusts to the rate of population growth and the rate of technological process, whatever they happen to be and for however long the persist (treated in Chapters 1-6 and the \"Intermezzo\").\n By contrast, the main contribution of the (new) endogenous grotwh theory is to propose a systematic theory of technological progress, a model that actually explains the rate of growth. It is the contention of the author that no theory of innovation or growth can come up with a formulaic way to arrive at a growth rate. For that reason he believes there is something arbitrary introduced into all endogenous theories of the rate of growth. They claim to explain more than they can be expected to do. Rather than trying to pin down determinants of any \"steady-state\" growth rate, exogenous growth theory describes trends and policies that increase growth, including the growth rate. \n For reasons made explicit in the book, the author deals with \"AK\"theory, convergence, and international cross-section studies, with only the passing attention he believes they deserve. \n In the \"second half of the book,\" starting in Chapter 7, the author recasts the older (exogenous) model (Chapters 1-6) so that it can be more easily compared with new models. Chapters 8-11 takes a close analytical look at hte key models: Lucas (8); Roemer (9); Grossman\/Helpman (10); Aghion and Howitt (11). In each chapter he shows how an unwarranted assumption creeps into these models that try to determin growth rate endogenously. \n The final chapter looks at lessons from the new growth theory and suggests where gaps may usefully be filled in future research. Despite his criticisms of the new growth theory, the author is quik to acknowledge outstanding contributions made by the new generation of theorists. \n This is an important book that will be required reading in graduate programs in macroeconomics as well as specific courses on growth theory, at both the undergraduate and graduate levels. No other book provides such a broad overviwe of the whole field and its evolution to the present.","brand":"WoB","offers":[{"title":"GB \/ WELL_READ \/ INTERNAL","offer_id":49768746090769,"sku":"GOR013780112","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":51152220094737,"sku":"GOR005353879","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ INGRAM","offer_id":52516014194961,"sku":"NLS9780195109030","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0195109031.jpg?v=1786705947"},{"product_id":"learning-from-learning-by-doing-book-robert-m-solow-9780804728416","title":"Learning from 'Learning by Doing'","description":"Nobel laureate Solow shows how Kenneth J. Arrow's classic paper The Economic Implications of Learning by Doing fits into the modern theory of economic growth, and uses it as a springboard for a critical consideration of spectacular recent developments that have made growth theory a dynamic topic today.","brand":"WoB","offers":[{"title":"US \/ GOOD \/ SBYB","offer_id":49918402527505,"sku":"CIN0804728410G","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0804728410.jpg?v=1785992777"},{"product_id":"growth-theory-book-robert-m-solow-9780198770046","title":"Growth Theory","description":"This book is based on the author's Radcliffe Lectures, delivered at the University of Warwick, It presents a selective survey of the modern aggregative theory of economic growth. It is organized around the Harrod-Domar conditions for equilibrium in a growing economy. Successive chapters show how the character of full employment growth equilibrium changes and enlarges as more complicated assumptions are made about technology, invention, saving, and the existence of monetary assets. The last two chapters explore some general policy issues, and include an elementary exposition of the problem of optimal paths of capital accumulation, and the discounting of the beneifts of public investments.","brand":"WoB","offers":[{"title":"GB \/ GOOD \/ INTERNAL","offer_id":50295404298513,"sku":"GOR002332159","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":50320958030097,"sku":"GOR004168741","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0198770049.jpg?v=1751195541"},{"product_id":"inflation-unemployment-and-monetary-policy-book-robert-m-solow-9780262692229","title":"Inflation, Unemployment, and Monetary Policy","description":"\u003cp\u003eEdited and with an introduction by Benjamin M. Friedman The connection between price inflation and real economic activity has been a focus of macroeconomic research--and debate--for much of the past century. Although this connection is crucial to our understanding of what monetary policy can and cannot accomplish, opinions about its basic properties have swung widely over the years. Today, virtually everyone studying monetary policy acknowledges that, contrary to what many modern macroeconomic models suggest, central bank actions often affect both inflation and measures of real economic activity, such as output, unemployment, and incomes. But the nature and magnitude of these effects are not yet understood. In this volume, Robert M. Solow and John B. Taylor present their views on the dilemmas facing U.S. monetary policymakers. The discussants are Benjamin M. Friedman, James K. Galbraith, N. Gregory Mankiw, and William Poole. The aim of this lively exchange of views is to make both an intellectual contribution to macroeconmics and a practical contribution to the solution of a public policy question of central importance.\u003c\/p\u003e","brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":50881397096721,"sku":"","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ VERY_GOOD \/ SBYB","offer_id":50881397227793,"sku":"CIN0262692228VG","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0262692228.jpg?v=1786109738"},{"product_id":"learning-from-learning-by-doing-book-robert-m-solow-9780804728409","title":"Learning from 'Learning by Doing'","description":"\u003cp\u003eThis book by a Nobel laureate in economics begins with a brief exposition of Kenneth J. Arrow's classic paper \"The Economic Implications of Learning by Doing\" (1962). It shows how Arrow's idea fits into the modern theory of economic growth, and uses it as a springboard for a critical consideration of spectacular recent developments that have made growth theory a dynamic topic today.\u003c\/p\u003e \u003cp\u003eThe author then develops a new theory that combines learning by doing (identifying it with the concept of \"continuous improvement\") with a separate process of discrete \"innovations.\" Learning by doing leads to a fairly smooth reduction in labor required per unit of output, tied to the rate of gross investment in new capital equipment. Innovations arrive at random; when one of them happens, the labor requirement takes a jump downward.\u003c\/p\u003e \u003cp\u003eThis new model, simple as it is, does not lend itself to self-contained solution. The author accordingly presents the results of a series of computer simulations that exhibit the variety of paths the new model economy can follow, showing, among other things, that early good luck can have a persistent effect. The book concludes with some general reflections on policies for economic growth, drawn not from any one modeling exercise but from general experience with a variety of growth models. \u003c\/p\u003e \u003cp\u003eOf the four chapters of this book, the first two were presented as the Kenneth J. Arrow Lectures at Stanford University in 1993. The computer simulations were specially done for inclusion in this book. The final chapter on policies for economic growth was first presented as the Ernest Sturc Lecture at the Johns Hopkins School of Advanced International Studies in Washington in 1991.\u003c\/p\u003e","brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":51007567495441,"sku":"","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ NEW \/ INGRAM","offer_id":51007571034385,"sku":"NIN9780804728409","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0804728402.jpg?v=1787312379"},{"product_id":"monopolistic-competition-and-macroeconomic-theory-book-robert-m-solow-9780521626163","title":"Monopolistic Competition and Macroeconomic Theory","description":"Much of today's conventional macroeconomic theory presumes that markets for goods approach the state of perfect competition. Monopolistic Competition and Macroeconomic Theory  assumes that markets are imperfect, so that sellers have some power over price, and must therefore form quantity expectations about the location of the firm's demand curve. The question is then about the macroeconomic implications of imperfect competition in goods markets. The first chapter is a brief survey of ideas proposed in economics including multiple equilibria. The second chapter describes a particular micro-based macro model that allows several families of equilibria. The third chapter shows how a standard locational model can be used to describe a sample macroeconomy when firms have close rivals. In this volume derived from his Federico Caffe Lecture, Nobel Laureate Robert Solow shows that there are simple and tractable micro-based models that offer the possibility of a richer and more intuitive macroeconomics.","brand":"WoB","offers":[{"title":"- \/ - \/ INTERNAL","offer_id":52429467091217,"sku":null,"price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ INGRAM","offer_id":52429467746577,"sku":"NLS9780521626163","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780521626163.jpg?v=1759166958"},{"product_id":"monopolistic-competition-and-macroeconomic-theory-book-robert-m-solow-9780521623384","title":"Monopolistic Competition and Macroeconomic Theory","description":"Much of today's conventional macroeconomic theory presumes that markets for goods approach the state of perfect competition. Monopolistic Competition and Macroeconomic Theory  assumes that markets are imperfect, so that sellers have some power over price, and must therefore form quantity expectations about the location of the firm's demand curve. The question is then about the macroeconomic implications of imperfect competition in goods markets. The first chapter is a brief survey of ideas proposed in economics including multiple equilibria. The second chapter describes a particular micro-based macro model that allows several families of equilibria. The third chapter shows how a standard locational model can be used to describe a sample macroeconomy when firms have close rivals. In this volume derived from his Federico Caffe Lecture, Nobel Laureate Robert Solow shows that there are simple and tractable micro-based models that offer the possibility of a richer and more intuitive macroeconomics.","brand":"WoB","offers":[{"title":"- \/ - \/ INTERNAL","offer_id":52473583927569,"sku":null,"price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ INGRAM","offer_id":52473584812305,"sku":"NLS9780521623384","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780521623384.jpg?v=1759840200"},{"product_id":"almost-practical-step-toward-sustainability-book-robert-m-solow-9780915707928","title":"An Almost Practical Step Toward Sustainability","description":"Nobel Laureate Robert Solow explores how changes in social accounting practice could contribute to more rational debate and action in crafting economic and environmental policy. A thoughtful work about the wise use of society's natural resources, intergenerational equity, and the translation of ideas about sustainability into real policy.","brand":"WoB","offers":[{"title":"- \/ - \/ INTERNAL","offer_id":52583105298705,"sku":null,"price":0.0,"currency_code":"GBP","in_stock":true},{"title":"GB \/ NEW \/ INGRAM","offer_id":52583106085137,"sku":"NLS9780915707928","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780915707928.jpg?v=1786613846"},{"product_id":"growth-theory-book-robert-m-solow-9780195056099","title":"Growth Theory","description":"Robert Solow won the 1987 Nobel Prize for Economics. In his Nobel Lecture Solow discussed recent developments in growth theory, a field in which interest is reviving. This lecture has been added to the original edition of Growth Theory to make a new edition which will maintain the books position as the leading concise exposition of the subject. The book presents a selective survey of the modern aggregative theory of economic growth. It is organized around the Harrod-Domar conditions for equilibrium in a growing economy. Successive chapters show how the character of full employment growth equilibrium changes and enlarges as more complicated assumptions are made about technology, invention, saving, and the existence of monetary assets. The last two chapters explore some general policy issues, and include an elementary exposition of the problem of optimal paths of capital accumulation, and the discounting of the benefits of public investments. This book is intended for teachers and students of Growth Theory.","brand":"WoB","offers":[{"title":"US \/ GOOD \/ SBYB","offer_id":54671532982545,"sku":"CIN0195056094G","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9780195056099.jpg?v=1789435812"}],"url":"https:\/\/www.worldofbooks.com\/collections\/author-books-by-robert-m-solow.oembed","provider":"World of Books ","version":"1.0","type":"link"}