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Golden Rules of Economic Growth: Studies of Efficient and Optimal Investment Edmund S. Phelps
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Golden Rules of Economic Growth: Studies of Efficient and Optimal Investment
Edmund S. Phelps
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
| Mídia | Livros Paperback Book (Livro de capa flexível e brochura) |
| Lançado | 6 de junho de 1966 |
| ISBN13 | 9780393330564 |
| Editoras | WW Norton & Co |
| Páginas | 208 |
| Dimensões | 14 × 140 × 216 mm · 280 g |
| Idioma | Inglês |
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