Accounting in a Golden Rule Economy
Accounting in a Golden Rule Economy
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In our eReader you can find the full English version of the book. Read Accounting in a Golden Rule Economy Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Accounting in a Golden Rule Economy
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To quickly assess the difficulty of the text, read a short excerpt:
E. D.
There are no restrictions placed on the quasi-rent pattern whatsoever.
Moreover the only restrictions placed on the book value is that w = 1 and that w = i. E. , that the assets should be entered at cost and that n it should be written off completely at the end of its useful life. Neither of these conditions deserve to be called restrictions. Apart from them, the weights used can be as much above 1, inplying capital appreciation, or as much below 1, implying capital depreciation, as one c...hooses, pro- vided of course the weights are used consistently.
One question that must remain in the readers' minds is the generality of the condition that the growth rate be the rate of profit. The following proposition drawn from modern capital theory and in no sense original suggests that the result is considerably more than an oddity. Proposition III ; (The Golden Rule) In a steady state economy with growth rate p, a maximum consumption optimum is achieved when the growth rate is equal to the rate of profit.
What to read after Accounting in a Golden Rule Economy?
You can find similar books in the "Read Also" column, or choose other free books by M F Van Breda to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
E. D.
There are no restrictions placed on the quasi-rent pattern whatsoever.
Moreover the only restrictions placed on the book value is that w = 1 and that w = i. E. , that the assets should be entered at cost and that n it should be written off completely at the end of its useful life. Neither of these conditions deserve to be called restrictions. Apart from them, the weights used can be as much above 1, inplying capital appreciation, or as much below 1, implying capital depreciation, as one c...hooses, pro- vided of course the weights are used consistently.
One question that must remain in the readers' minds is the generality of the condition that the growth rate be the rate of profit. The following proposition drawn from modern capital theory and in no sense original suggests that the result is considerably more than an oddity. Proposition III ; (The Golden Rule) In a steady state economy with growth rate p, a maximum consumption optimum is achieved when the growth rate is equal to the rate of profit.
What to read after Accounting in a Golden Rule Economy?
You can find similar books in the "Read Also" column, or choose other free books by M F Van Breda to read onlineMoreLess
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