Robert Solow Quotes


The world can, in effect, get along without natural resources, so exhaustion is just an event, not a catastrophe.


Citations

Solow, Robert M. "The Economics of Resources or the Resources of Economics." The American Economic Review, vol. 64, no. 2, May 1974, p. 11.

Related Quotes

The major reason for not yet harvesting waste is the labor, caital, and energy costs of recycling relative to the value of the resource is too high. Technology improvements and greater shortages continuously change the equation in favor of harvesting more and more resources.


Robert Solow
Robert Solow
  • Born: August 23, 1924
  • Nationality: American
  • Profession: Economist

Robert Merton Solow, GCIH, is an American economist whose work on the theory of economic growth culminated in the exogenous growth model named after him. He is currently Emeritus Institute Professor of Economics at the Massachusetts Institute of Technology, where he has been a professor since 1949. He was awarded the John Bates Clark Medal in 1961, the Nobel Memorial Prize in Economic Sciences in 1987, and the Presidential Medal of Freedom in 2014. Four of his PhD students, George Akerlof, Joseph Stiglitz, Peter Diamond and William Nordhaus later received Nobel Memorial Prizes in Economic Sciences in their own right.