{"product_id":"golden-rules-of-economic-growth-studies-of-efficient-and-optimal-investment-0393330567","title":"Golden Rules of Economic Growth: Studies of Efficient and Optimal Investment","description":"\u003cp\u003e\u003cstrong\u003eISBN:\u003c\/strong\u003e 0393330567\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eAuthor:\u003c\/strong\u003e Phelps, Edmund S.\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eCondition:\u003c\/strong\u003e New\u003c\/p\u003e\u003cp\u003eThis 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.\u003c\/p\u003e","brand":"Mia Karts","offers":[{"title":"Default Title","offer_id":51855982723360,"sku":"NEW0393330567","price":31.8,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0980\/7426\/3840\/files\/61MGoluV-CL.jpg?v=1781544753","url":"https:\/\/miakarts.com\/products\/golden-rules-of-economic-growth-studies-of-efficient-and-optimal-investment-0393330567","provider":"Miakarts Books","version":"1.0","type":"link"}