Economics: Robert Solow: Theories of Gain

Loss, Theories of Gain Honor for a Soviet emigre poet and an M.I.T. economist


If the Royal Swedish Academy of Sciences intended to signal its disapproval of the Reagan Administration's economic programs, it could not have picked a better week to do so, or a better man to deliver the message. Robert Solow, 63, who last week won the 1987 Nobel Memorial Prize in Economic Science, is a liberal academic who has never hidden his disdain for Reaganomics. And when the Brooklyn-born professor at the Massachusetts Institute of Technology stepped before the cameras to acknowledge his award, he needed little prompting to lay into the policies that led to last week's crash. "The best...

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