Tag: technical change

• January 1, 2013

  Industrialization in a Land Hungry State – A Lesson from Robert Solow

  If surviving the test of time is proof of quality, then MIT Nobel Laureate Robert M. Solow’s model of economic growth has surely distinguished itself with flying colours. The work was published as far back in time as 1956 and survives in the academic world till this day, despite the ruthless attack it had to…