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Agreeable Plans

James A. Mirrlees and Peter J. Hammond

in Welfare, Incentives, and Taxation

Published in print:
2006
Published Online:
October 2011
ISBN:
9780198295211
eISBN:
9780191685095
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198295211.003.0023
Subject:
Economics and Finance, Public and Welfare, Development, Growth, and Environmental

This chapter discusses the non-existence of optimum growth, the maximal locally optimal path, and the existence of agreeable plans. It is determined that agreeable plans exist in all cases where any ... More


Growth in Private and Command Economies

Dipankar Dasgupta

in Modern Growth Theory

Published in print:
2010
Published Online:
October 2012
ISBN:
9780198069966
eISBN:
9780199080458
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198069966.003.0002
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter describes a fully planned economy and examines the optimal path a planner will choose. It introduces elements of control theory, an important mathematical tool employed by modern growth ... More


Paul Samuelson and Financial Economics

Robert C. Merton

in Samuelsonian Economics and the Twenty-First Century

Published in print:
2006
Published Online:
January 2009
ISBN:
9780199298839
eISBN:
9780191711480
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199298839.003.0019
Subject:
Economics and Finance, History of Economic Thought

This chapter's appraisal places models of time and uncertainty in household allocation of resources at the center of the Samuelson Contribution. It assesses Samuelson's contributions to the areas of ... More


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