Growth Theory: An Exposition

by Robert Solow

Book Overview

From Nobel Laureate Robert M. Solow comes this second edition of his classic text, Growth Theory, to which he has added six new chapters. The book begins with the author's Nobel Prize Lecture "Growth... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 019501295X
• ISBN13: 9780195012958
• Release Date: October 1970
• Publisher: Oxford University Press, USA
• Length: 120 Pages
• Weight: 2.25 lbs.

Customer Reviews

On the book

I am compelled to write a review after reading with utter disbelief the negative comments that some fool posted above. He/she rambles how Solow's book does not account for human capital. Well, if that person had actually bothered reading the book (or even taking some basic growth theory classes, but after reading his/her syntax we can safely assume that it is too much to be wished for), he/she would realize that the book DOES INDEED cover various variations/enrichments of the standard Solow, including indeed the Lucas Human capital variation.This book is a nice addition for any growth economist/student library. To the "reviewer" above: get an education before you start even THINKING about criticizing economists of professor Solow's stature.

It's a classical economic book.

This book is a classical book, it's very important to read because is one of the most important theory, if you are agree or disagree no matter. If you want criticizing the neoclassical theory you need to understand all the Solow argument. I'm not very convinced of this theory, but it's fundamental to read this book.

A Masterly Study

This is a masterly study. Solow speaks about the old neoclassical growth theory in the first half of the book and then goes on in the second half to review the developments of new growth theory that started in the mid eighties. He comments on the essence of Lucas' work (on human capital), Romer's work (on endogenous technical change), the work of Grossman and Helpman (on quality ladders) and that of Aghion and Howitt (on creative destruction). These references have now reached the status of classics in endogenous growth theory. Solow provides penetrating insights into the new developments. The book is a must for any student of the subject interested in traversing the bridge that connects the old to the new growth theory.