description Evsey Domar Overview
Evsey D. Domar (1914–1997) was a Russian-American Keynesian economist who spent most of his career at the Massachusetts Institute of Technology. He is best known for independently developing, alongside Roy Harrod, the Harrod–Domar growth model, which relates a country's rate of economic growth to its savings rate and capital-output ratio. The model became foundational to postwar growth theory and development economics.
Domar also contributed to the study of slavery's economics and the theory of agricultural collectives.
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What economic model is Evsey Domar famous for?
Evsey Domar is best known for independently developing, alongside Roy Harrod, the Harrod–Domar growth model. This Keynesian economic model relates a country's rate of economic growth to its savings and capital-output ratio.
Where did Evsey Domar spend his academic career?
Evsey Domar spent most of his career as a Keynesian economist at the Massachusetts Institute of Technology (MIT). He lived from 1914 to 1997 and made significant contributions to growth theory.
What did the Harrod-Domar growth model explain?
Developed independently by Evsey Domar and Roy Harrod, the model relates a country's rate of economic growth to its levels of savings and investment. Domar conducted this pivotal Keynesian research while at MIT.
When did the economist Evsey Domar live?
Evsey Domar was a Russian-American Keynesian economist who lived from 1914 to 1997. He spent the majority of his academic career teaching at the Massachusetts Institute of Technology.
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