Evsey Domar (1914-1997) was a Polish-American economist, famous as co-author of the Harrod-Domar model. 1914 (MCMXIV) was a common year starting on Thursday. ... 1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar. ... The Harrod-Domar model is used in development economics to explain an economys growth rate in terms of the level of saving and productivity of capital. ...

Life

Evsey Domar was born on April 16, 1914 in the Polish city of Łódź, which belonged to Russia at that time. He was raised and educated in Manchuria, from where he emigrated to the United States in 1936. April 16 is the 106th day of the year in the Gregorian calendar (107th in leap years). ... 1914 (MCMXIV) was a common year starting on Thursday. ... Łódź (pronunciation: ), Polands third-largest city (population 776,297 in 2004), lies in the center of the country. ... Extent of Manchuria according to Definition 2 (dark red + medium red) and Definition 3 (dark red + medium red + light red) Northeast China Manchuria (Manchu: Manju, Simplified Chinese: 满洲; Traditional Chinese: 滿洲; Pinyin: MÇŽnzhōu) is a vast territorial region in northeast Asia. ... 1936 (MCMXXXVI) was a leap year starting on Wednesday (link will take you to calendar). ...

He received his Bachelor of Arts from UCLA in 1939, a Master of Science from the University of Michigan in 1940, another Master of Science from Harvard University in 1943, and his doctorate from Harvard in 1947. The University of California, Los Angeles, popularly known as UCLA, is a public, coeducational university situated in the neighborhood of Westwood within the city of Los Angeles. ... 1939 (MCMXXXIX) was a common year starting on Sunday (link will take you to calendar). ... This article is about the University of Michigan in Ann Arbor. ... 1940 (MCMXL) was a leap year starting on Monday (the link is to a full 1940 calendar). ... Harvard University campus (old map) Harvard University (incorporated as The President and Fellows of Harvard College) is a private university in Cambridge, Massachusetts. ... 1943 (MCMXLIII) was a common year starting on Friday (the link is to a full 1943 calendar). ... 1947 (MCMXLVII) was a common year starting on Wednesday (the link is to a full 1947 calendar). ...

In 1946 Evsey Domar married Carola Rosenthal. The couple had two daughters. 1946 (MCMXLVI) was a common year starting on Tuesday. ...

He was professor at the Carnegie Institute of Technology, The University of Chicago, the John Hopkins University and, from 1957 until the end of his career, at the Massachusetts Institute of Technology. The Carnegie Institute of Technology was founded in 1900 by Andrew Carnegie. ... The University of Chicago is a private university located principally in the Hyde Park neighborhood of Chicago, Illinois. ... The Johns Hopkins University is an internationally prestigious private institution of higher learning located in Baltimore, Maryland. ... 1957 (MCMLVII) was a common year starting on Tuesday of the Gregorian calendar. ... The Massachusetts Institute of Technology, or MIT, is a private research university located in the city of Cambridge, Massachusetts, USA. MIT is one of the worlds leading research institutions in science and technology. ...

Evsey Domar was a member of several academic organizations, like the American Academy of Arts and Sciences, the Econometric Society, and the Center for Advanced Study in the Behavioral Sciences. He was on the executive committee of the American Economic Association from 1962 until 19­65, and became the organization's vice president in 1970. The House of the Academy, Cambridge, Massachusetts. ... The Econometric Society The Econometric Society, an International Society for the Advancement of Economic Theory in its Relation with Statistics and Mathematics was founded on December 29, 1930 at the Stalton Hotel in Cleveland, Ohio. ... The Center for Advanced Study in the Behavioral Sciences (CASBS) is an American interdisciplinary research body in Stanford, California. ... The American Economic Association, or AEA, is the oldest and most important professional organization in the field of economics. ... 1962 (MCMLXII) was a common year starting on Monday (the link is to a full 1962 calendar). ... 1970 (MCMLXX) was a common year starting on Thursday (the link is to a full 1970 calendar). ...

He was also president of the Association for Comparative Economics. Furthermore he worked for the RAND Corporation, the Ford Foundation, the Brookings Institution, the National Science Foundation, the Batelle Memorial Institute, and the Institute for Defense Analysis. RAND Headquarters The RAND Corporation is a think tank first formed to offer research and analysis to the United States armed forces. ... The Ford Foundation is a charitable foundation based in New York City created to fund programs that promote democracy, reduce poverty and promote international understanding (see mission statement). ... The Brookings Institution is one of the oldest and best known think tanks in the United States. ... The logo of the National Science Foundation The National Science Foundation (NSF) is an independent United States government agency that supports fundamental research and education in all the non-medical fields of science and engineering. ...

Evsey Domar died on April 1, 1997 in the Emerson Hospital in Concord. April 1 is the 91st day of the year (92nd in leap years) in the Gregorian calendar, with 274 days remaining. ... 1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar. ... Seal of Concord, MA Concord is a town located in Middlesex County, Massachusetts. ...

Work

Evsey Domar was an outstanding Keynesian economist. He has made contributions in tree main areas of economics: economic history, comparative economy and economic growth. In 1946 he advanced the idea that economic growth served to lighten the deficit and the national debt. During the Cold War he was also an expert on Soviet economics. Keynesian economics (pronounced ), also called Keynesianism, or Keynesian Theory, is an economic theory based on the ideas of 20th century British economist John Keynes. ... Economic history is the application of economic theories to historical study. ... Accumulated GDP growth for various countries. ... 1946 (MCMXLVI) was a common year starting on Tuesday. ... The Cold War was the protracted geopolitical, ideological, and economic struggle that emerged after World War II between the global superpowers of the Soviet Union and the United States, supported by their alliance partners. ...

However, he is most famous as the co-author, together with British economist Roy Forbes Harrod, of the Harrod-Domar model, a model that contemplates the long term balance in Keynesian terms, although both economists developed the model independently. Sir Roy Forbes Harrod was an English economist. ... The Harrod-Domar model is used in development economics to explain an economys growth rate in terms of the level of saving and productivity of capital. ...

Among his students in macroeconomics was Robert Fogel, who obtained the Nobel Memorial Prize in Economics in 1993. Macroeconomics is the economics sub-field of study that considers aggregate behavior, and the study of the sum of individual economic decisions. ... Robert William Fogel (born July 1, 1926) is an American economic historian and scientist, and Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel winner in 1993 (with Douglass North). ... The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel (in Swedish Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is a prize awarded each year for outstanding intellectual contributions in the field of economics. ... 1993 (MCMXCIII) was a common year starting on Friday of the Gregorian calendar and marked the Beginning of the International Decade to Combat Racism and Racial Discrimination (1993-2003). ...

Papers

• The Burden of the Debt and the National Income, 1944, AER.
• Proportional Income Taxation and Risk-Taking, with Richard Musgrave, 1944.
• Capital Expansion, Rate of Growth and Employment, 1946, Econometrica.
• Expansion and Employment, 1947, AER.
• The Problem of Capital Accumulation, 1948, AER.
• Capital Accumulation and the End of Prosperity, 1949, Proceedings of Internat. Statistical Conference
• The Effect of Foreign Investment on the Balance of Payments, 1950, AER.
• A Theoretical Analysis of Economic Growth, 1952, AER.
• Depreciation, Replacement and Growth, 1953, EJ.
• The Case for Accelerated Depreciation, 1953, QJE.
• Essays in the Theory of Economic Growth, 1957.
• On the Measurement of Technological Change, 1961, EJ.
• The Soviet Collective Farm as a Producer Co-Operative, 1966, AER.
• An Index-Number Tournament, 1967, QJE.
• The Causes of Slavery or Serfdom: A hypothesis, 1970, Journal of Economic History.
• On The Optimal Compensation of a Socialist Manager, 1974, QJE.

Richard Abel Musgrave (b. ...

External links

• http://www.economyprofessor.com/theorists/evseydomar.php
• http://cepa.newschool.edu/het/profiles/domar.htm
• http://www.eumed.net/cursecon/economistas/domar.htm
• http://scriptorium.lib.duke.edu/dynaweb/findaids/domar/