Here’s exactly what happened to Solow: he took out a loan from Citi to purchase the Consolidated Edison parcels along the East River, where he was planning to develop a seven-building, $4 ...

The cautionary tale of Solow is emblematic of how economists get science and technology wrong. One economist creates a highly idealized mathematical model. The model’s creator is, as Solow was ...

Robert Solow, an American economist who died Thursday at age 99, said technical progress and innovation were a core reason economies grew and people became prosperous.