Income, Wealth, and the Maximum Principle

Martin L. Weitzman

    Preface

    Introduction

    Part I. Introduction to the Maximum Principle

    1. The Calculus of Variations and the Stationary Rate of Return on Capital

    2. The Prototype-Economic Control Problem

    3. The Maximum Principle in One Dimension

    4. Applications of the Maximum Principle in One Dimension

    Part II. Comprehensive Accounting and the Maximum Principle

    5. Optimal Multisector Growth and Dynamic Competitive Equilibrium

    6. The Pure Theory of Perfectly Complete National Income Accounting

    7. The Stochastic Wealth and Income Version of the Maximum Principle

    References

    Index

  • Cover: Income, Wealth, and the Maximum Principle
  • A photo of the author

Author photo: Rose Lincoln/ Harvard News Office

Martin Weitzman is Professor of Economics, Harvard University.