Managing Growth in Miniature

'Our world is shaped not only by economics, but also by economic models. What are the politics of models - and how did they shape the postwar hegemony of economic growth? To answer these questions, Managing Growth in Miniature presents an engaging, intriguing, and rigorously researched history of Solow's neoclassical growth model, showing the societal power behind the abstractions and practices of economic modeling.' Matthias Schmelzer, author of The Hegemony of Growth and co-author of The Future is Degrowth 'Verena Halsmayer has crafted a splendid account of the development and afterlife of Nobelist Robert Solow's 1956 model of economic growth. The author's novel representation of economic models as artifacts illuminates the changes in discursive practices that reshaped economic theory, applied economics, and political economy in the postwar period. I hope that this book will encourage economists, as well as historians and philosophers of economics, to reflect on their enthusiastic appreciation of modeling that flowed from Solow's work.' E. Roy Weintraub, Duke University 'Economic models are powerful but also multifaceted, versatile, and ambiguous. But how to document these characteristics and their consequences? With unparalleled conceptual clarity and historical depth, Halsmayer illuminates the ambiguities with which Robert Solow designed, discussed, and manipulated his seminal growth model. By tracing the model's subsequent dissemination, she explains how the success of economic models stems not only from their abstraction and precision but also from their concreteness and openness. A must-read.' Beatrice Cherrier, CNRS, École Polytechnique