Learning from 'Learning by Doing': Lessons for Economic Growth

Nobel laureate Solow shows how Kenneth J. Arrow’s classic paper “The Economic Implications of Learning by Doing” fits into the modern theory of economic growth, and uses it as a springboard for a critical consideration of spectacular recent developments that have made growth theory a dynamic topic today.

Robert M. Solow is Emeritus Institute Professor of Economics at the Massachusetts Institute of Technology. He is the author of several books, most recently A Critical Essay in Modern Macroeconomic Theory (with F. Hahn).