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- W2500421736 abstract "Abstract This chapter and the previous one are devoted to an analysis of the von Neumann model of economic expansion, which may be considered as a variant of the dynamic Leontief system. The original von Neumann model is a slave system, in which the object of production is mere enlargement at the subsistence level of wages. In Ch. 6, the Turnpike Theorem, which asserts that there is a long‐run tendency for the optimum growth path of an economy to approximate to the von Neumann path of steady proportional growth, is proved for a von Neumann–Leontief model and for a von Neumann–Gale model." @default.
- W2500421736 created "2016-08-23" @default.
- W2500421736 creator A5003798579 @default.
- W2500421736 date "1963-03-26" @default.
- W2500421736 modified "2023-09-24" @default.
- W2500421736 title "Balanced Growth and Efficient Programme of Very‐Long‐Run Growth" @default.
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- W2500421736 doi "https://doi.org/10.1093/0198281455.003.0006" @default.
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