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OverviewFull Product DetailsAuthor: Olivier de La GrandvillePublisher: Cambridge University Press Imprint: Cambridge University Press Edition: 2nd Revised edition Dimensions: Width: 17.30cm , Height: 2.00cm , Length: 24.80cm Weight: 0.900kg ISBN: 9781107535602ISBN 10: 1107535603 Pages: 448 Publication Date: 28 November 2016 Audience: College/higher education , Tertiary & Higher Education Format: Paperback Publisher's Status: Active Availability: Manufactured on demand  We will order this item for you from a manufactured on demand supplier. Table of ContentsForeword Robert M. Solow; Preface; Introduction; Part I. Positive Growth Theory: 1. The welfare of society and economic growth; 2. The growth process: an intuitive approach; 3. A production function of central importance; 4. Poverty traps; 5. The CES production function as a general mean in collaboration with Robert M. Solow; 6. Why has the elasticity of substitution most often been observed as smaller than 1? And why is it of importance?; 7. Capital–labour substitution and economic growth in collaboration with Robert M. Solow; 8. The long-term growth rate as a random variable, with an application to the US economy; Part II. Optimal Growth Theory: 9. Optimal growth theory: an introduction to the calculus of variations; 10. Deriving the central equations of the calculus of variations at a single stroke of the pen; 11. Other major tools for optimal growth theory: the Pontryagin maximum principle and the Dorfmanian; 12. First applications to optimal growth; 13. Optimal growth and the optimal savings rate; Part III. A Unified Approach: 14. Preliminaries: interest rates and capital valuation; 15. From arbitrage to equilibrium; 16. Why is traditional optimal growth theory mute? Restoring its rightful voice; 17. Problems in growth: common traits between planned economies and poor countries; 18. From Ibn Khaldun to Adam Smith, and a proof of Smith's conjecture; 19. Capital and economic growth in the coming centuries; In conclusion: on the convergence of ideas and values through civilizations; Further reading, data on growth and references; Index.ReviewsAuthor InformationOlivier 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. Tab Content 6Author Website:Countries AvailableAll regions |
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