Optimal Control of the Growth of Wealth of Nations (eBook, ePUB) - Chukwu, E. N.
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This book studies the dynamics of key economic variables, such as gross national product, interest rates, employment, value of capital stock, inflation and balance of payments. The models presented explain the macroeconomic data of nations as dynamic games of pursuit, which are equivalent to "control" problems and are used to study the growth of the wealth of nations. This invaluable reference compares the extent of government intervention in the economy with private firms to ensure the controllability of the economy. This is an introductory, graduate-level text designed for students and researchers in applied mathematics and applied economics.…mehr

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Produktbeschreibung
This book studies the dynamics of key economic variables, such as gross national product, interest rates, employment, value of capital stock, inflation and balance of payments. The models presented explain the macroeconomic data of nations as dynamic games of pursuit, which are equivalent to "control" problems and are used to study the growth of the wealth of nations. This invaluable reference compares the extent of government intervention in the economy with private firms to ensure the controllability of the economy. This is an introductory, graduate-level text designed for students and researchers in applied mathematics and applied economics.

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