Optimum Economic Growth
In this chapter and the next we shall discuss the last of the four objectives of macro-economic policy with which the book is concerned. This is the objective of a high growth rate. As we shall see, the analysis of growth as an objective of economic policy involves problems which are both more fundamental and less familiar than those we have yet encountered, and for this reason the discussion of these chapters will differ from the discussion so far in several important respects. We shall start with a brief look at three of these differences.
KeywordsCapital Stock Ethical Judgement Social Welfare Function Price Stability Final Demand
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