Evsey Domar

Evsey D. Domar (Russian Евсей Дейвид Домашевицкий; born April 16, 1914 in Łódź, † April 1, 1997 in Concord, Massachusetts) was an American economist.

Life

Evsey Domar grew up in Russia in Outer Manchuria. In 1936 he emigrated to the United States. In 1939 he completed his studies at the University of California and received his doctorate in 1947. He was a professor at the Carnegie Institute of Technology, at the University of Chicago, at Johns Hopkins University and from 1957 until his retirement at MIT.

Domar has expressed criticism of the 1946 balance in underemployment of Keynesianism. He became famous by the eponymous Domar paradox, which is based on the dual nature of the investments.

Domars growth theory has similarities to the Harrods and is known as the Harrod - Domar model.

Writings (selection )

• Capital expansion, rate of Growth and Employment in: Econometrica, Vol 14 (1946 ), pp. 137-250, ISSN 0012-9682 German translation: Capital expansion, rate of growth and employment. In: Heinz König (eds): Growth and development of the economy ( New scientific library, Vol 23). Kiepenheuer & Petrovich, Cologne 1968, p 55-66.

• Essays in the theory of economic growth. OUP, New York 1966 ( EA New York 1957).
• Capitalism, socialism, and serfdom. Cambridge University Press, Cambridge, 1989, ISBN 0-521-37091-4.