I honestly do think that Solow is the greatest of the neoclassicals. Anyone can do a linear regression that simply doesn't work, but it takes a genius to convert this failure into a failing of the world rather than the model, and something beyond a genius to basically set the agenda for a whole generation of macroeconomists, trying to find a reason why the Solow model doesn't fit the data other than the obvious one.
I honestly do think that Solow is the greatest of the neoclassicals. Anyone can do a linear regression that simply doesn't work, but it takes a genius to convert this failure into a failing of the world rather than the model, and something beyond a genius to basically set the agenda for a whole generation of macroeconomists, trying to find a reason why the Solow model doesn't fit the data other than the obvious one.
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