Cover: Income, Wealth, and the Maximum Principle, from Harvard University PressCover: Income, Wealth, and the Maximum Principle in PAPERBACK

Income, Wealth, and the Maximum Principle

Product Details

PAPERBACK

$39.00 • £33.95 • €35.95

ISBN 9780674025769

Publication Date: 09/30/2007

Short

358 pages

5-11/16 x 8-7/8 inches

4 line illustrations

World

Add to Cart

Media Requests:

Related Subjects

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.

Recent News

Black lives matter. Black voices matter. A statement from HUP »

From Our Blog

Composite photograph showing (top) entrance to the Prudential Center in Boston and (bottom) an internal construction partition/wall printed with the words 'Opening Day 2023' and other decorative text

A New Chapter for Harvard Book Store

Starting in the summer of 2023, for the first time in almost thirty years, Harvard Book Store will have two locations: the flagship store in Harvard Square, and a large new store in the Prudential Center in Boston. For University Press Week we wanted to show some bookseller love, so we reached out to Rachel Cass, General Manager of the Harvard Book Store, to see what’s planned for their exciting new location