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Preface Karl Shell
Optimal Accumulation with Learning by Doing
The Optimal Rate and Direction of Technical Change
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activities allocation analysis approach assumed assumption balanced growth becomes behavior capital capital accumulation capital-labor ratio choice competitive consider constant constraints consumer consumption continuous curve defined depends determined difference differential Equations discussion economy efficient equal Equation equilibrium essay example exists Expression fact factor feasible Figure fixed function given gives golden rule growth path Hence hold implies income increasing individual Inequality initial integral intensity investment labor linear machines marginal productivity maximize maximum necessary neoclassical optimal path optimum output pattern period planning positive possible present problem production function rate of interest References region requires respect Review Samuelson satisfying savings sector social solution stationary Studies substitution sufficient Suppose Table technical change technique Theory trade trajectory turnpike unique unit utility variables wage welfare zero