MTP Assignment

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Discuss the Autobiography of each contributors/authors to the school of management

1.
I select the school of

thought that you have selected.

ROBERT M.SOLOW

Robert Merton Solow was born in brooklyn, new york

on 23 august 1924. his parents were the children of

immigrants. educated in the neighbourhood public scho-

ols of new york city, he was, as he himself has said,

taught by a devoted teacher to read the great 19th cen-

tury french and russian novelists and to take ideas seri-

ously. in 1940 he won a scholarship to harvard universi-

ty where his first studies were in sociology, anthropology

and elementary economics. at the end of 1942 he left

university and joined the u.s. army. he served briefly in

north africa and sicily and then for the duration of the

war in italy, until his discharge in 1945.

upon returning to harvard in 1945 he decided to con-

tinue with economics. this came about thanks to a mee-

ting with wassily leontief, who became his teacher,

guide and friend and who taught him the spirit and sub-

stance of modern economic theory. as his research assi-

stant, solow produced a set of capital-coefficients for the

input-output model.

having become interested in statistics and probabilis-

tic models, solow spent a year studying them at colum-

bia university in 1949-1950. he was at the same time

working on his ph.d. thesis, which addressed the model-

ling of changes in the size distribution of wage income

using interacting markoff processes for employment-


unemployment and wage rates. the thesis was awarded

the wells prize at harvard, along with which author

Trevor Winchester Swan (1918-1989), economist, was born on 14 January 1918 at Marrickville,
Sydney, third child of Sydney-born George Henry Swan, mechanical fitter, and his wife Clara Ellison,
née Grant.  Educated at Canterbury Boys’ High School (dux 1935), Trevor enrolled part time at
the University of Sydney (B.Ec., 1940) while working at the Rural Bank of New South Wales.  He
gained first-class honours and the university medal in economics.  An assistant-lecturer (1940-42),
he published articles in the Economic Record—in 1940 on Australian war finance and in 1941 on the
interest-rate controversy.  He was strongly influenced by John Maynard (Baron) Keynes’s ability to
integrate theory and policy, and by the importance that Keynes attached to macro-economic
management.  Later, as the focus in economics moved from short-term stabilisation to long-term
growth, Swan became as fluent in neo-classical theory as he was in the economics of Keynes.  On 27
May 1941 at St Augustine’s Church of England, Neutral Bay, he married Phyllis Mary (Pat) Grill, a
bank officer.
Moving in 1942 to the Department of War Organisation of Industry, Melbourne, Swan developed
statistical procedures for the efficient deployment of manpower and drafted key passages of the 1945
white paper on full employment

In early 1950 Swan was the chief economist in the Prime Minister’s Department, Canberra, and he
accompanied (Sir) Robert Menzies on an extensive overseas trip.  That year Swan assumed the
foundation chair in the department of economics, Research School of Social
Sciences, Australian National University.  He was the Irving Fisher visiting professor of economics
at Yale University, Connecticut, in 1962.  Next year he presented the Alfred Marshall lectures at
the University of Cambridge.  In 1975 he chaired the government’s committee on tax options and he
was a member (1975-85) of the board of the Reserve Bank of Australia.

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