## Essays on the theory of optimal economic growth |

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### Contents

Preface Karl Shell | 1 |

Optimal Accumulation with Learning by Doing | 31 |

The Optimal Rate and Direction of Technical Change | 53 |

Copyright | |

12 other sections not shown

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### Common terms and phrases

allocation analysis assumed assumption autarky balanced growth equilibrium behavior calculus of variations capital accumulation capital intensity capital stock capital-labor ratio catenary concave condition of Equation constant constraints consumer consumption continuous function curve defined demand price differential Equations Economic Growth economy efficient equal Equation 11 essay Expression Figure given golden rule golden-age Harrod Harrod equilibrium Inequality initial conditions kmia(t labor force linear long-run marginal productivity marginal utility maximand maximize maximum necessary conditions neoclassical optimal path optimal program optimum output Pareto optimality phase diagram planning Pontryagin problem production function productivity of capital productivity of labor program of capital Ramsey rate of growth rate of interest region Review of Economic saddle point Samuelson satisfying sector shadow price social welfare function Solow stationary substitution technical change theorem Theory trajectory turnpike unique utility function Uzawa variables wage rate zero