This is a stupendous model — a truly beautiful piece of work — that makes a unique contribution to the conference, namely, portrays a realistic model of general equilibrium in the global sense. It is not only global in that it is a world model, but also by extending the boundaries of strict economic analysis to such important subjects as food, resources, pollution, and demography, mostly but not entirely in a full feedback mode. It is right in step with this symposium through its detailed emphasis on trade and payments.


Global Sense Domestic Output Investment Ratio Trade Growth Sustained Growth Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© The Nobel Foundation 1977

Authors and Affiliations

  • Lawrence R. Klein

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