This important volume collects together eighteen major essays
written by Ryuzo Sato over the last thirty years in the area of
growth theory and technical change. After an autobiographical
introduction describing Professor Sato's intellectual and personal
development, the book presents his early pioneering work on growth
models and the relevance of fiscal policy and time in these models.
Later essays focus on the application of optimal control theory to
growth theory, his work on endogenous growth, endogenous technical
change and the development of 'Sato-Beckmann neutrality'. This
landmark book will be welcomed by researchers, teachers and
students interested in technical change and progress.
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