Chapter 8. Economic Growth, I Link to syllabussyllabus

Chapter 8. Economic Growth, I

Link to syllabus

Table 8-1, p. 207.

Fig. 8-1, p. 208. The Production Function

Fig. 8-2, p. 209. Output, Consumption and Investment

Robert Solow

Born 1924, in Brooklyn N.Y.

Harvard B.A. and Ph.D.Taught at MITWinner John Bates Clark award, 1961Nobel Prize 1987

Most renowned for his work on economic growth, and linear programming.He also served on the Fed, the CEA. Was in the army in WWII.

"Everything reminds Milton Friedman of the money supply. Everything reminds me of sex, but I try to keep it out of my papers."

Fig. 8-3, p. 210. Depreciation.

Fig. 8-4, p. 211. Investment, Depreciation and the Steady State.

Table 8-2, page 213.

Fig.8-5, p. 214 An Increase in the Savings Rate

Fig. 8-6 p. 216. International Evidence

Fig.8-7, p. 218. Steady State Consumption

Fig. 8-8, p. 220. The Saving Rate and the Golden Rule

Table 8-3. P. 221

Fig. 8-9, p. 223. Reducing Saving when Starting with More Capital than the Gold Rule Allows.

Fig. 8-10, p. 224. Increasing Saving when Starting with Less Capital than the Gold Rule Allows.

Fig. 8-11, p. 226. Population Growth in the Solow Model

Fig.8-12, p. 227. The Impact of Population Growth.

Fig. 8-13, p. 228. Evidence on the Impact of Population Growth and Income/Person