Titlebook: Efficient Economic Growth; Stefan Homburg Book 1992 Springer-Verlag Berlin Heidelberg 1992 Economic Growth.Ineffizienz.Microeconomic Ineff

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978-3-642-63478-9Springer-Verlag Berlin Heidelberg 1992

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Microeconomic Studieshttp://image.papertrans.cn/e/image/302976.jpg

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Exhaustible Resources.,In reality we find commodities which have very much in common with land: Nature endowes us with these commodities, we cannot produce them, and they are durable at least in the sense that they can be stored costlessly; moreover, many of them have turned out to be useful or productive. We are talking here, of course, about .—like oil or gas.

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,Einführung und Problemaufriss, of .. Most contemporary writers, I think, do not believe in the existence of “an” optimal growth path if the term “optimal” is to bear any precise meaning. In a model of economic growth there generally exists a variety of ., i.e. ., growth paths, but other paths may well be inefficient. And this is

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