Trevor Swan, Date of Birth, Place of Birth, Date of Death

    

Trevor Swan

Australian economist

Date of Birth: 14-Jan-1918

Place of Birth: Sydney, New South Wales, Australia

Date of Death: 15-Jan-1989

Profession: economist

Nationality: Australia

Zodiac Sign: Capricorn


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About Trevor Swan

  • Trevor Winchester Swan (14 January 1918 – 15 January 1989) was an Australian economist.
  • He is best known for his work on the Solow–Swan growth model, published simultaneously by American economist Robert Solow, for his work on integrating internal and external balance as represented by the Swan Diagram, and for pioneering work in macroeconomic modeling, which predated that of Lawrence Klein but remained unpublished until 1989. Swan is widely regarded as the greatest economic theorist that Australia has produced, and as one of the finest economists not to receive a Nobel Memorial Prize in Economic Sciences.
  • There were two independent pioneers of Neoclassical Growth Theory: Robert Solow and Trevor Swan.
  • Solow published "A Contribution to the Theory of Economic Growth" in the February issue of the QJE in 1956, and Trevor Swan published "Economic Growth and Capital Accumulation" in the Economic Record, subsequent to Solow in December 1956.
  • Swan's contribution has been overshadowed by Solow, who was awarded the Nobel Memorial Prize in 1987 for his contributions to economic growth.

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