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A Model of General Economic Equilibrium J von Neumann
A Note on J von Neumanns Article on A Model of Economic Equilibrium
On a TwoSector Model of Economic Growth H Uzawa
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assume assumption balanced growth equilibrium balanced growth path capital capital accumulation capital-intensity condition capital-labor ratio capitalists Cobb-Douglas coefficients constant consumption D. G. Champernowne decreasing function depends depreciation differential equation Economic Growth efficient elasticity of substitution equal exists exponential factor follows full employment given gross investment gross output gross saving Harrod Hence implies income increase initial input Keynesian labor machines marginal product maximize maximum money wage neo-classical Neumann optimal path output paper positive possible present value problem production function propensity to save proportion quasi-rents rate of growth rate of interest rate of profit rate of return real wage relation returns to scale Review of Economic rise satisfied saving ratio savings rate sector share Solow solution stability steady growth stocks technical progress function theorem theory unit Uzawa's variables vintage wage rate workers zero