In Capital Theory and Equilibrium Analysis and Recursive Utility,
Robert Becker and John Boyd have synthesized their previously
unpublished work on recursive models. The use of recursive utility
emphasizes time-consistent decision making. This permits a unified
and systematic account of economic dynamics based on neoclassical
growth theory.The book provides extensive coverage of optimal
growth (including endogenous growth), dynamic competitive
equilibria, nonlinear dynamics, and monotone comparative dynamics.
It is addressed to all researchers in economic growth, and will be
useful to professional economists and graduate students alike.
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