Robert M. Solow

Robert M. Solow is an American economist known for his work on economic growth and productivity. His most significant contribution is the Solow Growth Model, which explains how factors like capital, labor, and technology contribute to economic growth over time. He emphasized the role of technological innovation as a key driver of progress. Solow's insights have influenced both economic theory and policy, particularly in understanding how economies can sustain growth. His work highlights the importance of efficiency and innovation, reshaping how we view economic development in the context of resources and output.