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The second edition of this user-friendly book provides a clear and original introduction to the theory of economic growth. The book has been fully updated to incorporate several important new results and proofs, and offers a new solution to the fundamental question: how much should a nation save and invest?
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In the second edition of this user-friendly book, Olivier de La Grandville provides a clear and original introduction to the theory of economic growth, its mechanisms and its challenges. The book has been fully updated to incorporate several important new results and proofs since the first edition. In addition to a progressive treatment of dynamic optimization, readers will find intuitive derivations of all central equations of the calculus of variations and of optimal control theory. It offers a new solution to the fundamental question: How much should a nation save and invest? La Grandville shows that the optimal savings rule he suggests not only corresponds to the maximization of future welfare flows for society, but also maximizes the value of society's activity, as well as the total remuneration of labour. The rule offers a fresh alternative to dire current predictions about an ever-increasing capital–output ratio and a decrease of the labour share in national income.
Biografía del autor:
Olivier de La Grandville is Senior Professor at Frankfurt University and Visiting Professor in the Management Science and Engineering Department at Stanford University. He was Professor of Economics at the University of Geneva from 1978 to 2007 and he is the author of seven books on topics ranging from microeconomics to macroeconomics and finance.
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- VerlagCambridge University Press
- Erscheinungsdatum2016
- ISBN 10 1107535603
- ISBN 13 9781107535602
- EinbandTapa blanda
- Auflage2
- Anzahl der Seiten452
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Economic Growth
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Cambridge University Press
(2016)
ISBN 10: 1107535603
ISBN 13: 9781107535602
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Buchbeschreibung Taschenbuch. Zustand: Neu. Druck auf Anfrage Neuware - Printed after ordering - In the second edition of this user-friendly book, Olivier de La Grandville provides graduate students and academic researchers with a clear and original introduction to the theory of economic growth, its mechanisms and its challenges. The book has been fully updated to incorporate several important new results and proofs since the first edition, and offers a new solution to the fundamental question: how much should a nation save and invest In addition to a progressive treatment of dynamic optimization, readers will find intuitive derivations of all central equations of the calculus of variations and of optimal control theory. Contrary to dire contemporary predictions, de La Grandville shows that the optimal savings rule not only corresponds to the maximization of future welfare flows for society, but also maximizes the value of society's activity, as well as the total remuneration of labor. Artikel-Nr. 9781107535602
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