This volume of twelve interlocked essays in mathematical economics deals with a central problem of modern economic theory: the search for a path to an optimum level of economic growth. The meaning of the Golden Rule concept is thoroughly expounded, and certain analogues are presented to show that the fundamental notion of a "commanding" growth path is encountered even in models in which no pure and simple Golden Rule path exists.
The Golden Rule concept is tested and applied to a number of theoretical formulations and then extended to several kinds of investment other than capital formation, as the author postulates a Golden Rule of Research, a Golden Rule of Education, and even a concept dealing with population control-a Golden Rule of Procreation.
This thorough and original work is important reading for students of macroeconomic theory, growth, development, and capital theory.
| Format |
Häftad |
| Omfång |
208 sidor |
| Språk |
Engelska |
| Förlag |
WW Norton & Co |
| Utgivningsdatum |
1966-06-06 |
| ISBN |
9780393330564 |
