The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Pontryagin’s Principle of Optimality

  • M. I. Zelikin
Reference work entry


The meaning of the word ‘economics’ is closely related with that of ‘optimality’. It is for this reason that methods used in the theory of optimal control find their natural practical application in economics.

JEL Classifications

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • M. I. Zelikin
    • 1
  1. 1.