Evsey Domar

Evsey Domar

Born: 1914. Died: 1997.

Biography

A Russian-born, Manchurian-raised, MIT economist, Evsey Domar has made contributions in three main areas of economics: economic growth, comparative economics and economic history.

His work on economic growth began with his 1944 model on government debt, which considered how economic growth can lighten the burden of the government debt.

His major claim to fame, however, was in developing, parallel to Roy Harrod, the now- famous Harrod-Domar growth model (1946) as a way of extending the Keynesian demand-determined equilibrium into the long run.

Major Books of Evsey Domar

- Capitalism, Socialism, and Serfdom, 1989
- Essays in the Theory of Economic Growth, 1957

Major Articles of Evsey Domar

- 1944, The "Burden of the Debt" and the National Income, AER
- 1944, Proportional Income Taxation and Risk-Taking, with R. Musgrave, QJE
- 1946, Capital Expansion, Rate of Growth and Employment, Econometrica
- 1947, Expansion and Employment, AER
- 1948, The Problem of Capital Accumulation, AER
- 1949, Capital Accumulation and the End of Prosperity, Econometrica Supplement: Proceedings of Internat. Statistical Conference
- 1950, The Effect of Foreign Investment on the Balance of Payments, AER
- 1952, A Theoretical Analysis of Economic Growth, AER
- 1953, The Case for Accelerated Depreciation, QJE
- 1953, Depreciation, Replacement and Growth, EJ
- 1961, On the Measurement of Technological Change, EJ
- 1962, On Total Productivity and All That, JPE
- 1963, Total Productivity and the Quality of Capital, JPE
- 1966, The Soviet Collective Farm as a Producer Co-Operative, AER
- 1967, An Index-Number Tournament, QJE
- 1970, The Causes of Slavery or Serfdom: A hypothesis, JEH
- 1974, On The Optimal Compensation of a Socialist Manager, QJE
- 1984, On the Profitability of Russian Serfdom, JEH

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