Income Wealth and the Maximum Principle is popular PDF and ePub book, written by Martin L. Weitzman in 2009-07-01, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Income Wealth and the Maximum Principle can be Read Online from any device for your convenience.
Income Wealth and the Maximum Principle Book PDF Summary
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.
Detail Book of Income Wealth and the Maximum Principle PDF
- Author : Martin L. Weitzman
- Release : 01 July 2009
- Publisher : Harvard University Press
- ISBN : 9780674045071
- Genre : Business & Economics
- Total Page : 352 pages
- Language : English
- PDF File Size : 11,6 Mb
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