Economic growth : a unified approach / Olivier de La Grandville ; with two special contributions by Robert M. Solow.

A fascinating introduction to the theory of economic growth that unifies the descriptive and normative strands of growth theory.

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Bibliographic Details
Online Access:Electronic book from EBSCO
Main Author: La Grandville, Olivier de.
Other Authors: Solow, Robert M.
Format: eBook
Language:English
Published:Cambridge, UK ; New York : Cambridge University Press, 2009.
Subjects:
Table of Contents:
  • pt. I. Positive Growth Theory
  • 1. The welfare of society and economic growth
  • 2. The growth process
  • 3. A production function of central importance
  • 4. The CES production function as a general mean
  • 5. Capital-labour substitution and economic growth (in collaboration with Robert M. Solow)
  • 6. The long-term growth rate as a random variable, with an application to the US economy
  • pt. II. Optimal Growth Theory
  • 7. Optimal growth theory: an introduction to the calculus of variations
  • 8. Other major tools for optimal growth theory: the Pontryagin maximum principle and the Dorfmanian
  • 9. First applications to optimal growth
  • 10. Optimal growth and the optimal savings rate
  • pt. III. A Unified Approach
  • 11. Preliminaries: interest rates and capital valuation
  • 12. From arbitrage to equilibrium
  • 13. Optimal savings: a general approach
  • 14. Problems in growth: common traits between planned economies and poor countries.