Economic Growth: A Unified Approach (2nd Revised edition)
By
Olivier de La Grandville (Author)
Hardback
Available / dispatched within 1 - 2 weeks
Quantity
Description
In the second edition of this user-friendly book, Olivier de La Grandville provides a clear and original introduction to the theory of economic growth, its mechanisms and its challenges. The book has been fully updated to incorporate several important new results and proofs since the first edition. In addition to a progressive treatment of dynamic optimization, readers will find intuitive derivations of all central equations of the calculus of variations and of optimal control theory. It offers a new solution to the fundamental question: How much should a nation save and invest? La Grandville shows that the optimal savings rule he suggests not only corresponds to the maximization of future welfare flows for society, but also maximizes the value of society's activity, as well as the total remuneration of labour. The rule offers a fresh alternative to dire current predictions about an ever-increasing capital-output ratio and a decrease of the labour share in national income. 32 Tables, black and white; 8 Halftones, unspecified; 137 Line drawings, unspecified
About the Author
Olivier de La Grandville is Senior Professor at Frankfurt University and Visiting Professor in the Management Science and Engineering Department at Stanford University. He was Professor of Economics at the University of Geneva from 1978 to 2007 and he is the author of seven books on topics ranging from microeconomics to macroeconomics and finance.
More Details
- Contributor: Olivier de La Grandville
- Imprint: Cambridge University Press
- ISBN13: 9781107115231
- Number of Pages: 450
- Packaged Dimensions: 176x257x25mm
- Packaged Weight: 1040
- Format: Hardback
- Publisher: Cambridge University Press
- Release Date: 2016-12-01
- Binding: Hardback
- Biography: Olivier de La Grandville is Senior Professor at Frankfurt University and Visiting Professor in the Management Science and Engineering Department at Stanford University. He was Professor of Economics at the University of Geneva from 1978 to 2007 and he is the author of seven books on topics ranging from microeconomics to macroeconomics and finance.
Delivery Options
Home Delivery
Store Delivery
Free Returns
We hope you are delighted with everything you buy from us. However, if you are not, we will refund or replace your order up to 30 days after purchase. Terms and exclusions apply; find out more from our Returns and Refunds Policy.