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Golden Rules of Economic Growth

Release on 1966-061966-06 by Edmund S. Phelps
Golden Rules of Economic Growth

Author: Edmund S. Phelps

Publisher: W W Norton & Company Incorporated

ISBN: 0393330567

Category: Business & Economics

Page: 208

View: 493

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.
Business & Economics
Golden Rules of Economic Growth
Language: en
Pages: 208

Golden Rules of Economic Growth

Authors: Edmund S. Phelps, Edmund S. Phelps, Professor
Categories: Business & Economics
Type: BOOK - Published: 1966-06 - Publisher: W W Norton & Company Incorporated

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
Golden Rules of Economic Growth
Language: en
Pages: 216

Golden Rules of Economic Growth

Authors: Edmund S. Phelps
Categories: Economics, Mathematical
Type: BOOK - Published: 1967 - Publisher:

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Language: en
Pages: 7493

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Categories: Law
Type: BOOK - Published: 2016-05-18 - Publisher: Springer

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The Solow Model of Economic Growth
Language: en
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In 1956, Solow proposed a neoclassical growth model in opposition or as an alternative to Keynesian growth models. The Solow model of economic growth provided foundations for models embedded in the new theory of economic growth, known as the theory of endogenous growth, such as the renowned growth models developed

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