Edmund Phelps First Edition
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First Edition of Golden Rules of Economic Growth; Inscribed by Edmund Phelps to Paul Samuelson
PHELPS, Edmund S. [Paul A. Samuelson].
Golden Rules of Economic Growth: Studies of Efficient and Optimal Investment.
New York: W.W. Norton & Norton Company, Inc., 1966.
First edition of the Nobel Laureate's first book, a collection of twelve interlocked essays in mathematical economics. Octavo, original cloth, dust jacket; xv, 189 pp., with bibliography. A distinguished association copy, inscribed by the author on the half-title page to fellow Nobel Laureate Paul A. Samuelson: "To Paul with best wishes Edmund Phelps." From the library of Paul A. Samuelson. Near fine in a near fine, price-clipped dust jacket. The present volume gathers and extends the work for which Phelps had first drawn notice. In a 1961 article memorably subtitled "A Fable for Growthmen," he had set out the Golden Rule of capital accumulation, the rate of saving that sustains the highest attainable level of consumption for a society across successive generations, neither starving the present to enrich the future nor consuming so freely that future output is undermined. The essays assembled here expound that concept in full and pursue its analogues, demonstrating that the notion of a "commanding" growth path persists even in models admitting no simple Golden Rule. Together they address a central preoccupation of postwar economic theory: the search for a path to an optimum rate of economic growth. The book remains essential reading for students of macroeconomic theory, growth, ...
Price: $15,000.00 Item Number: 132356
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First Edition of Golden Rules of Economic Growth; Signed by Nobel Prize-Winning Economist Edmund Phelps
PHELPS, Edmund S.
Golden Rules of Economic Growth: Studies of Efficient and Optimal Investment.
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. Signed by Edmund Phelps on the title page. Slip for review laid in. Fine in a near fine dust jacket with light rubbing to the extremities.
Price: $2,000.00 Item Number: 2375
