Golden Rules of Economic Growth: Studies of Efficient and Optimal Investment.

PHELPS, Edmund S. [Paul A. Samuelson].

$7,500.00

Item Number: 132356

New York: W.W. Norton & Norton Company, Inc., 1966.

First edition of the Nobel Prize-winning economist’s first book, a collection of twelve essays in mathematical economics. Octavo, original cloth. Association copy, inscribed by the author on the half-title page to fellow Nobel Prize-winning economist Paul Samuelson, “To Paul with best wishes Edmund Phelps.” Near fine in a near fine price-clipped dust jacket. From the library of Paul A. Samuelson. An exceptional association linking these two great economists of the twentieth century.

This volumes of twelve interlocked essays in mathematical economics deals with a central problem of modern economic theory: the search for a path to an optimum level of economic growth. The meaning of the Golden Rule concept is thoroughly expounded and is important reading for students of macroeconomic theory, growth, development, and capital theory.