Income, Wealth, and the Maximum Principle PDF Download

Author: Martin L. Weitzman
Publisher: Harvard University Press
ISBN: 0674045076
Category : Business & Economics
Languages : en
Pages : 352

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Book Description
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 one-dimensional 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.

Author: Kirk Hamilton
Publisher: Oxford University Press
ISBN: 0192529099
Category : Business & Economics
Languages : en
Pages : 423

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Book Description
Why are some nations wealthy and others poor? How did the wealthy nations become rich? What are the components of wealth? How should nations manage their wealth for the future? These are among the most important questions in economics. They are also impossible to answer without defining wealth, and understanding how it can be created, destroyed, stored, and managed. National Wealth: What is Missing, Why it Matters assembles a collection of high-quality contributions to define the key concepts and address the economic and policy issues around national wealth. It considers insights from economic history, addresses the impacts of the changes to national accounting, and teases out the policy implications for both rich and poor countries and the institutions within them. Using expert analysis and theory backed by empirical work, this book evaluates the progress that has been made in measuring national wealth, as well as the recent developments in theory and practice which tell us that the change in real wealth (net saving) is an essential indicator of economic progress. Net national saving, measured comprehensively and adjusted to reflect the investment in and the depreciation of the full range of assets measured in national wealth, is an indicator of the change in future wellbeing. Governments can use this measure to answer a fundamental question: How much does the stream of future wellbeing of the population rise or fall as a result of policy actions today? The book is organized into four parts. Part one provides the political context and defines the key concepts. Part two examines the history of wealth creation and destruction. Part three provides a more detailed analysis of the individual components of wealth, and finally, part four examines the lessons for managing wealth for sustainable national prosperity.

Author: Shunsuke Managi
Publisher: Routledge
ISBN: 1315522918
Category : Business & Economics
Languages : en
Pages : 312

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Book Description
There is an increasing interest in inclusive wealth, and inclusive wealth can be a solution to the problematic narrowness of the traditional national accounting sys-tem, which has been recognized for a long time. This book offers a comprehensive guide on this subject of inclusive wealth.

Author: Jon M. Conrad
Publisher: Cambridge University Press
ISBN: 0521697670
Category : Business & Economics
Languages : en
Pages : 301

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Book Description
A text for students with a background in calculus and intermediate microeconomics and a familiarity with the spreadsheet software Excel.

Author: Thomas R. Michl
Publisher: Harvard University Press
ISBN: 9780674031678
Category : Business & Economics
Languages : en
Pages : 326

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Book Description
Drawing on the work of the classical-Marxian economists and their modern successors, Capitalists, Workers, and Fiscal Policy sets forth a new model of economic growth and distribution, and applies it to two major policy issues: public debt and social security. The book homes in specifically on the problem of fiscal policy, examining the ways that taxation and government spending affect the distribution of wealth and income as well as the rate of economic growth. Thomas Michl’s model shows that public debt has a regressive effect on wealth distribution. It also demonstrates that the accumulation of wealth by public authorities, for example, in the form of a pension reserve such as the U.S. social security trust fund, can have a progressive effect on wealth distribution, both directly (since it represents ownership by the citizenry) and indirectly through its general equilibrium effects on the structure of accumulation. The book’s findings provide an analytical foundation for a macroeconomic policy of using fiscal surpluses to accumulate a public pension reserve fund that serves to effect a progressive redistribution of wealth.

Author: Thomas Aronsson
Publisher: Edward Elgar Publishing
ISBN: 9781845421519
Category : Business & Economics
Languages : en
Pages : 216

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Book Description
A completely rewritten update of: Welfare measurement, sustainability, and green national accounting / Thomas Aronsson, Per-Olov Johansson, Karl-Gustaf L'ofgren. c1997.

Author: Martin L. Weitzman
Publisher: Harvard University Press
ISBN: 9780674805835
Category : Business & Economics
Languages : en
Pages : 180

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Book Description
Discussion of profit sharing as a means of combating cyclical unemployment and inflation (stagflation) in market economies - argues that profit sharing will produce full employment without inducing inflation; discusses marginal value economic theory of wages and its effect on the labour market; briefly examines advantages of profit sharing, employee Motivation, etc., and the need for accompanying tax reform. Bibliography.

Author: Karl-Goran Maler
Publisher: Elsevier
ISBN: 0080459161
Category : Business & Economics
Languages : en
Pages : 573

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Book Description
Many of the frontiers of environmental economics research are at the interface of large-scale and long-term environmental change with national and global economic systems. This is also where some of the most of challenging environmental policy issues occur. Volume 3 of the Handbook of Environmental Economics provides a synthesis of the latest theory on economywide and international environmental issues and a critical review of models for analyzing those issues. It begins with chapters on the fundamental relationships that connect environmental resources to economic growth and long-run social welfare. The following chapters consider how environmental policy differs in a general-equiIibrium setting from a partial-equilibrium setting and in a distorted economy from a perfect economy. The volume closes with chapters on environmental issues that cross or transcend national borders, such as trade and the environment, biodiversity conservation, acid rain, ozone depletion, and global climate change. The volume provides a useful reference for not only natural resource and environmental economists but also international economists, development economists, and macroeconomists.

Author: Vincent Martinet
Publisher: Routledge
ISBN: 0415544777
Category : Business & Economics
Languages : en
Pages : 217

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Book Description
This work examines the different ways in which the concepts of sustainability and sustainable development are interpreted in economics. As well as the oft-studied neoclassical take on matters, the author develops new approaches that are less reliant on utilitarianism and discounting.

Author:
Publisher: Springer
ISBN: 1349588024
Category : Law
Languages : en
Pages : 7493

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Book Description
The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.