Golden Rules of Economic Growth: Studies of Efficient and Optimal Investment - Edmund S. Phelps - Books - WW Norton & Co - 9780393330564 - June 6, 1966
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Edmund S. Phelps
Golden Rules of Economic Growth: Studies of Efficient and Optimal Investment

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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.

208 pages

Media Books     Paperback Book   (Book with soft cover and glued back)
Released June 6, 1966
ISBN13 9780393330564
Publishers WW Norton & Co
Pages 208
Dimensions 14 × 140 × 216 mm   ·   280 g
Language English  

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