Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Long-run economic growth hinges on technological progress, a core insight of Robert Solow's renowned Growth Model. The model argues that once an economy reaches a "steady state," growth can't be ...

Tying together two recent posts, once you understand that GDP growth isn’t all there is to human progress you can see another problem with Robert Gordon’s techno-pessimism namely that he bounces back ...

How do societies become richer? Robert Solow, an American economist who died Thursday at age 99, said technical progress and innovation were a core reason economies grew and people became prosperous.

FROM THE point of view of the 1950s, America’s economic progress over the 70 years that followed has been a huge disappointment. Futurists foresaw a world of super-pills, space farms and cities ...