A GOLDEN GOLDEN-RULE FOR WELFARE-MAXIMIZATION IN AN ECONOMY WITH A VARYING POPULATION GROWTH RATE

Authors

  • Robert C. Merton

    1. MASSACHUSETTS INSTITUTE OF TECHNOLOGY
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    • *This work was done during the tenure of a National Defense Education Act Fellowship. I am indebted to Paul A. Samuelson for many helpful suggestions. I should like to thank Andrew M. Lewis for his comments on the behavorial assumptions for the rate of population growth.


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