Nobel laureate Robert Solow Gives Inaugural Address
|Nobel laureate Robert Solow, a major figure in macroeconomics and the
field of economic growth, delivered the keynote address October 13,
2006, to launch the Berry Center for Economics, Business, and Public
Policy. His public lecture, “Low-Wage Work in High-Wage Countries,”
summarized the early results of his research on low-wage jobs in the
U.S. and Western Europe and discussed the implications for public
Professor Solow also led an hour-long round-table discussion with a group of economics and business students, who had prepared for his visit by forming a study group.
Solow is professor emeritus at the Massachusetts Institute of Technology, where he has been a faculty member since 1949. He earned bachelors, masters and doctoral degrees from Harvard. For a number of years he served as a board member of the Federal Reserve Bank of Boston and was board chairman for three years. Solow received the Nobel Prize in economics in 1987 for his theory of growth.
He is past president of the American Economics Association and the Econometric Society, a member of the National Academy of Sciences, a Fellow of the British Academy and a former member of the National Science Board. He received the National Medal of Science in 2000.
Solow’s articles and books address the topics of economic growth, macroeconomics and the theory of unemployment. He is currently Foundation Scholar at the Russell Sage Foundation.