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Evsey D. Domar, 1914-1997

 

One might speculate perhaps that the circumstances of Evsey Domar's life conspired in his favor. A Russian-born, Manchurian-raised, MIT economist, 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 Harrod, the now- famous "Harrod-Domar" growth model (1946) as a way of extending the Keynesian demand-determined equilibrium into the long run.