{"product_id":"production-and-capital-9780674137776","title":"Production and Capital","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eThe optimization of production under recursive conditions lends itself to general mathematical methods of dynamic programming and optimal control theory. This is the main theme of the essays included in this fifth volume of Kenneth Arrow’s \u003ci\u003eCollected Papers\u003c\/i\u003e.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e1. On the Use of Winds in Right Planning   2. Optimal Inventory Policy   3. Capital-Labor Substitution and Economic Efficiency   4. Economic Welfare and the Allocation of Resources for Invention   5. Optimal Capital Adjustment   6. Optimal Advertising Policy under Dynamic Conditions   7. The Economic Implications of Learning by Doing   8. Optimal Capital Policy, the Cost of Capital, and Myopic Decision Rules   9. Knowledge, Productivity, and Practice   10. Criteria for Social Investment   11. Discounting and Public Investment Criteria   12. Some Tests of the International Comparisons of Factor Efficiency with the CES Production Function: Reply   13. Optimal Capital Policy with Irreversible Investment   14. Applications of Control Theory to Economic Growth   15. Classificatory Notes on the Production and Transmission of Technological Knowledge   16. Optimal Consumer Allocation over an Infinite Horizon   17. Optimal Public Investment Policy and Controllability with Fixed Private Savings Ratio   18. Uniqueness of the Internal Rate of Return with Variable Life of Investment   19. The Social Discount Rate   20. Optimal Growth with Irreversible Investment in a Ramsey Model   21. Uncertainty and the Evaluation of Public Investment Decisions   22. Uncertainty and the Evaluation of Public Investment Decisions: Reply   23. A Production Function for the Repairman Problem   24. The Measurement of Real Value Added    Index","brand":"Harvard University Press","offers":[{"title":"Default Title","offer_id":49403560001879,"sku":"9780674137776","price":78.36,"currency_code":"GBP","in_stock":false}],"url":"https:\/\/bookcurl.com\/products\/production-and-capital-9780674137776","provider":"Book Curl","version":"1.0","type":"link"}