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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
| Medios de comunicación | Libros Paperback Book (Libro con tapa blanda y lomo encolado) |
| Pendiente de lanzamiento | 8 de junio de 2026 |
| ISBN13 | 9780393330564 |
| Editores | WW Norton & Co |
| Páginas | 208 |
| Dimensiones | 127 × 203 × 213 mm · 267 g |
| Lengua | Inglés |
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