The Optimum Management of Social Overhead Capital
The purposes of this paper are twofold. Firstly, an attempt is made to formulate a theoretical model in which social overhead capital plays a significant role in the processes of resource allocation and in which the distribution of real income is affected by the manner in which the use of such social overhead capital is regulated. Secondly, the pattern of investment in social overhead capital which results in an optimum path of economic growth is examined within the framework of the Ramsey  theory of optimum growth.
KeywordsSocial Capital Scarce Resource Optimum Path Capital Accumulation Optimum Allocation
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