"Nobel Prize in Economics" Robert Solow Hand Signed 3X5 Card Todd Mueller

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Up for auction the
"Nobel Prize in Economics" Robert Solow Hand Signed 3X5 Card.
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ES-4454
Robert Merton Solow
,
GCIH
(
/ˈsoʊloʊ/
; born August 23, 1924), is an American
economist
whose work on the theory of
economic growth
culminated in the
exogenous growth model
named after him. He is currently
Emeritus
Institute Professor
of Economics at the
Massachusetts Institute of Technology
, where he has been a professor since 1949. He was awarded the
John Bates Clark Medal
in 1961, the
Nobel Memorial Prize in Economic Sciences
in 1987, and the
Presidential Medal of Freedom
in 2014. Four of his PhD students,
George Akerlof
,
Joseph Stiglitz
,
Peter Diamond
and
William Nordhaus
later received Nobel Memorial Prizes in Economic Sciences in their own right. Robert Solow was born in
Brooklyn
,
New York
, into a
Jewish
family on August 23, 1924, the oldest of three children. He regarded his parents as being very intelligent people but were not able to go to college due to the necessity to work. He was well educated in the neighborhood public schools and excelled academically early in life. In September 1940, Solow went to
Harvard College
with a scholarship at the age of 16. At Harvard, his first studies were in
sociology
and
anthropology
as well as elementary economics  In 1941, Solow left the university and joined the
U.S. Army
. Because he was fluent in German, the Army put him on a task force whose primary purpose was to intercept, interpret, and send back German messages to base.
[39]
He served briefly in
North Africa
and
Sicily
, and later in Italy until he was discharged in August 1945. Shortly after returning, he proceeded to marry his girlfriend, Barbara Lewis, whom he had only been dating for six months. He returned to Harvard in 1945, and studied under
Wassily Leontief
. As Leontief's research assistant he produced the first set of capital-coefficients for the
input–output model
. Then he became interested in
statistics
and
probability
models
. From 1949–50, he spent a fellowship year at
Columbia University
to study statistics more intensively. During that year he also worked on his Ph.D. thesis, an exploratory attempt to model changes in the size distribution of wage income using interacting
Markov processes
for employment-unemployment and wage rates.
In 1949, just before going off to Columbia, he was offered and accepted an assistant professorship in the
Economics Department at Massachusetts Institute of Technology
. At M.I.T. he taught courses in statistics and
econometrics
. Solow's interest gradually changed to
macroeconomics
. For almost 40 years, Solow and
Paul Samuelson
worked together on many landmark theories:
von Neumann growth theory
(1953),
theory of capital
(1956),
linear programming
(1958) and the
Phillips curve
(1960). Solow also held several government positions, including senior economist for the
Council of Economic Advisers
(1961–62) and member of the President's Commission on Income Maintenance (1968–70). His studies focused mainly in the fields of employment and growth policies, and the
theory of capital
. In 1961 he won the American Economic Association's
John Bates Clark Award
, given to the best economist under age forty. In 1979 he served as president of that association. In 1987, he won the
Nobel Prize
for his analysis of economic growth
[38]
and in 1999, he received the
National Medal of Science
. In 2011, he received an honorary degree in Doctor of Science from
Tufts University
. Solow is the founder of the
Cournot Foundation
and the
Cournot Centre
. After the death of his colleague Franco Modigliani, Solow accepted an appointment as new Chairman of the I.S.E.O Institute, an Italian nonprofit cultural association which organizes international conferences and summer schools. He is a trustee of the
Economists for Peace and Security
. Solow's past students include 2010 Nobel Prize winner
Peter Diamond
, as well as
Michael Rothschild
,
Halbert White
,
Charlie Bean
,
Michael Woodford
, and
Harvey Wagner
. He is ranked 23rd among economists on
RePEc
in terms of the strength of economists who have studied under him.
Solow was one of the signees of a 2018
amici curiae
brief that expressed support for Harvard University in the
Students for Fair Admissions v. Harvard
lawsuit. Signers of the brief include
Alan B. Krueger
,
George A. Akerlof
,
Janet Yellen
,
Cecilia Rouse
, along with many others.