Robert Solow was born in Brooklyn, New-York, in 1924. He received his Ph.D in economics at Harvard University in 1951 and subsequently joined the Massachusetts Institute of Technology.

Robert Solow was awarded the 1987 Nobel prize in economic sciences, “For his contributions to the theory of economic growth.”

He developed a model that combines capital and labor as determinants of market growth. This analysis, together with his study on capital structure and vitality, have become indispensable in contemporary economics.