Income, Wealth, and the Maximum Principle

Available

Product Details

Price
$45.60
Publisher
Harvard University Press
Publish Date
Pages
358
Dimensions
5.92 X 0.9 X 8.87 inches | 1.03 pounds
Language
English
Type
Paperback
EAN/UPC
9780674025769
BISAC Categories:

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About the Author

Martin L. Weitzman is Professor of Economics, Harvard University.

Reviews

Martin Weitzman has written an innovative and important new book on dynamic optimization--in particular, the Maximum Principle of optimal control theory--and its application to economics. It is an excellent textbook on optimal control theory, but it is much more than that. It explains how much of capital theory can be formulated in terms of a prototype optimal control problem, and it shows how, in the context of a multisector growth model, the Maximum Principle can be used to obtain a comprehensive measure of national income. Thus, this book will appeal to several different audiences: graduate students in economics, practicing economists with an interest in capital theory, and environmental economists...Weitzman deserves considerable applause for this clear and elegant book.-- (03/01/2005)