Pgs 191-195

The Sloan School at MIT offered Black a position after hearing of his family situation and Black quickly took the opportunity to be with his family again. Fischer soon found large contrasts in his views on the market as compared to his new colleagues views. MIT's economic views centered around a neo-Keynesian mindset, led by Paul Samuelson, Robert Solow, and Franco Modigliani. Another sharp contrast between Black's experience at Chicago was that MIT viewed economics as the tool for developing the correct science behind governmental policy. This was quite different from the anti-government regulation theories Black was accustomed to at Chicago. Paul Samuelson at MIT began developing mathematical methods for understanding and making economic observations. His theory behind this approach was that most complex problems can be better understood by more complete and accurate understanding of similar, less complex problems. Therefore, he set about developing his methods in this manner. One example of Samuelson's methods is the theory of economic growth formulated by colleague Robert Solow around a basic aggregate production function.