4.6 • 1.9K Ratings
🗓️ 24 June 2023
⏱️ 54 minutes
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0:00.0 | My guest today, Robert Solo, is an absolute giant in the field of economics. |
0:09.2 | He received the Nobel Prize in 1987 for his pioneering work on the topic of economic growth. |
0:14.9 | When I first got interested in economic questions, the whole point was that the system appeared to be broken. |
0:24.6 | And it was necessary to find ways to patch it together. |
0:31.8 | Welcome to People I mostly admire with Steve Levin. |
0:37.6 | But Robert Solo is more than just a great researcher. He was one of the most inspiring teachers |
0:42.6 | I ever had. And he's been a legendary mentor to generations of students at MIT. |
0:47.1 | Four of whom have themselves gone on to win Nobel prizes. And at the age of 98, |
0:52.4 | still the sharpest ever, he's a model for growing old gracefully. |
0:59.3 | So you taught me macroeconomics almost 30 years ago. You know, I'm no macroeconomist, |
1:05.5 | but your class was the best class that I took at MIT. I remember I would read these macro papers |
1:14.1 | ahead of class. I mean, I would spend hours and I would understand nothing about the paper. |
1:20.4 | It was pure math to me. Math I didn't understand. And then you would roll into class. |
1:27.0 | And you would describe these papers in the simplest terms. You would strip away all the math. |
1:34.3 | And you would show what was going on with a few words with a few equations. And I really stood |
1:41.9 | in awe of you being able to do that. That's the only way I can understand anything is to break it |
1:48.9 | down into simplicity. I'm glad you liked it. Not only I liked it, but that is actually |
1:57.6 | something that I carried with me. You gave me the belief that no matter how complex |
2:05.2 | an author or a creator says something is that deep down, it's really simple. You just have to |
2:13.5 | find the simplicity. You have to find the basic thing that's happening. God may understand |
2:20.0 | the rest of it, but it's not given to us to do that. What we can do is figure out you punch it |
2:27.6 | here. It reacts there. Why? There's some chain of connections that's going on. And by the way, |
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