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Quote by Robert Solow

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Robert Solow
Robert Solow

Robert Solow, born on August 23, 1924, is an esteemed American economist known for his significant contributions to economic growth theory, particularly in the relationship between technological progress and economic growth. more

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“I do not regard the Keynesian revolution as a great intellectual triumph. On the contrary, it was a tragedy because it came so late. Hitler had already found out how to cure unemployment before Keynes had finished explaining why it occured.”

“In a regime of Free Trade and free economic intercourse it would be of little consequence that iron lay on one side of a political frontier, and labour, coal, and blast furnaces on the other. But as it is, men have devised ways to impoverish themselves and one another; and prefer collective animosities to individual happiness.”