Solo grew up in 1930s, and when he graduated from high school, it was1940,65438+10. To be sure, in Solo's era, smart high school students were concerned not only with economic panic, but also with the rise of fascism and Nazism. Of course, these events are closely related to the world economic recession. The obvious fact in life is that the politics and economy of that society can't function normally, and no one really knows how to explain these phenomena or how to solve these problems.
Naturally, Solo began to pay attention to economics from that era. During the later period of 1940- 1942, Solo did not really learn a complete thinking framework about the economic panic that just happened in the 1930s in the United States. I can't think of a clue about the economic situation that year
1945, at Harvard University, Leontief accidentally became Solo's mentor. In Leontief, Solo really realized that economics is not a hodgepodge, but a set of science based on a very rigorous theoretical and empirical framework. In the next few years, it was Leontief who taught Solo some architectural details. It must be admitted that Leontief led Solo to the road of economists.
In the later days, Solo has been making unremitting efforts to find a complete economic system and constantly improving it. The main works at this time are: A Contribution to Economic Growth Theory (1956), Technological Change and Total Production Function (1957), Growth Theory: An Explanation (1969) and Linear Planning and Economic Analysis (65438). In addition, Solo has written many papers.
His research achievements in this field won the 1987 Nobel Prize in Economics. In addition, he won the John Bates Clark Award. The award was established by the American Economic Association to recognize young and middle-aged economists who have made great contributions to economic thought and knowledge.
It is Solow's theory that makes industrial countries willing to invest more resources in universities and scientific research.
As a professional economist, Solo also focused most of his research on promoting the understanding of economic growth mechanism. In addition to being a professor, Solo also works part-time in academia and politics. He served as a director of the Boston Federal Reserve Bank, and later served as the chairman of the board of directors of the bank. When President Kennedy was in office, he served as the chief economic adviser of the White House. When President Johnson was in office, he was the chairman of the Income Committee. 1968 is the vice president of American Economic Association, and 1979 is the president.