Economic Growth A Unified Approach 2nd Edition
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Economic Growth A Unified Approach 2nd Edition

SKU: 9781316560310

Original price was: $70.99.Current price is: $24.99.

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Additional information

Full Title

Economic Growth A Unified Approach 2nd Edition
Author(s)

Olivier de La Grandville
Edition

2nd Edition
ISBN

9781316560310, 9781107115231
Publisher

Cambridge University Press
Format

PDF and EPUB

Description

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.

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Economic Growth A Unified Approach 2nd Edition
-67%
Availability: In Stock

Economic Growth A Unified Approach 2nd Edition

SKU: 9781316557587

Original price was: $75.00.Current price is: $24.99.

Access Economic Growth A Unified Approach 2nd Edition Now. Discount up to 90%

Categories: ,

Additional information

Full Title

Economic Growth A Unified Approach 2nd Edition
Author(s)

Olivier de La Grandville
Edition

2nd Edition
ISBN

9781316557587, 9781107115231, 9781107535602
Publisher

Cambridge University Press
Format

PDF and EPUB

Description

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.

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