The Planning Problem: Optimum Investment

  • Ajit K. Dasgupta


This chapter is arranged as follows. The first section introduces the concept of planning and brings out its relationship with capital-accumulation. The second describes the theory of optimum growth. Some of the difficulties of the theory, that is those concerned with the social welfare function, the planning horizon, time-preference and institutional constraints are discussed in sections 5.3 to 5.6 respectively. The concluding section comments on the approach described in this chapter.


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Copyright information

© Ajit K. Dasgupta 1974

Authors and Affiliations

  • Ajit K. Dasgupta
    • 1
  1. 1.Institute of Economic GrowthUniversity of DelhiIndia

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