The American Economic Association and the economics profession were saddened to learn of the passing of Robert M. Solow at age 99. A Nobel laureate, John Bates Clark medalist, and AEA Distinguished Fellow, the long-time professor at the Massachusetts Institute of Technology (MIT) was best known for his theories of economic growth. He showed that technological innovation, rather than increases in capital and labor, has been the primary driver of long-term economic growth.

In addition to having a distinguished academic career, he served as president of the AEA in 1979, as a vice president in 1968, and as a member of the AEA Executive Committee from 1964 to 1966. See the MIT News article to learn more about Solow and his contributions to the economics profession.