Golden Rules of Economic Growth

Released on by Edmund S. Phelps
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  • Golden Rules of Economic Growth Book Detail

  • Author : Edmund S. Phelps
  • Release Date : 1966-06
  • Publisher : W W Norton & Company Incorporated
  • Genre : Business & Economics
  • Pages : 208
  • ISBN 13 : 9780393330564
  • File Size : 45,45 MB
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Golden Rules of Economic Growth by Edmund S. Phelps PDF Summary

Book Description: 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.

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Golden Rules of Economic Growth

Golden Rules of Economic Growth

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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 l

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"To discover who rules, follow the gold." This is the argument of Golden Rule, a provocative, pungent history of modern American politics. Although the role big