Nobel-winning economist Robert Solow Cause of Death, Age, Biography

Robert M. Solow, who won the 1987 Nobel Prize in economics for exploring the impact of technology on economic growth, work that spawned a wider understanding of what drives the expansion of industrial economics, died Dec. 21 at his home in Lexington, Mass. He was 99.

Robert M. Solow, who won a Nobel in economic science in 1987 for his theory that advances in technology, rather than increases in capital and labor, have been the primary drivers of economic growth in the United States, died on Thursday at his home in Lexington, Mass. He was 99.

His son John confirmed the death.

Professor Solow (pronounced solo) taught at the Massachusetts Institute of Technology, where he and a fellow Nobel laureate, Paul A. Samuelson, forged the M.I.T. style of economic analysis, which emerged as a leading approach in the second half of the 20th century and played an important role in economic policymaking.

His work demonstrated the power of bringing mathematics to bear on important economic debates and simplifying the analysis by focusing on a small number of variables at a time.

Beyond the impact of his own research, Professor Solow helped launch the careers of a stunning number of future superstar economists, including four Nobel laureates: Peter Diamond, Joseph E. Stiglitz, William D. Nordhaus and George A. Akerlof. “My pride and joy,” Professor Solow said.

The affection was reciprocated. In an interview for this obituary in 2013, Alan S. Blinder, a Princeton University economics professor, a former deputy chairman of the Federal Reserve Board and a Solow pupil, said, “All his former students idolize him — all, with no exceptions.”

Professor Solow received the John Bates Clark Medal in 1961 as the finest American economist under 40 and the National Medal of Science in 1999; he was one of the few economists to receive that honor. In 2014, President Barack Obama awarded him the Presidential Medal of Freedom, the nation’s highest civilian honor.

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