




Income, Wealth, and the Maximum Principle
Harvard University Press, 2003 Cloth: 9780674010444  Paper: 9780674025769  eISBN: 9780674045071 Library of Congress Classification HB143.7.W45 2003 Dewey Decimal Classification 330.015193
ABOUT THIS BOOK  TOC
ABOUT THIS BOOK
This compact and original exposition of optimal control theory and applications is designed for graduate and advanced undergraduate students in economics. It presents a new elementary yet rigorous proof of the maximum principle and a new way of applying the principle that will enable students to solve any onedimensional problem routinely. Its unified framework illuminates many famous economic examples and models. This work also emphasizes the connection between optimal control theory and the classical themes of capital theory. It offers a fresh approach to fundamental questions such as: What is income? How should it be measured? What is its relation to wealth? The book will be valuable to students who want to formulate and solve dynamic allocation problems. It will also be of interest to any economist who wants to understand results of the latest research on the relationship between comprehensive income accounting and wealth or welfare. Preface Part I. Introduction to the Maximum Principle Part II. Comprehensive Accounting and the Maximum Principle References See other books on: Accounting  Comparative  Economic development  Mathematical models  Wealth See other titles from Harvard University Press 
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