Question

Compare and constrast btwn Ramsey model for cental planner and solow model for economic growth

Answer 1

The Ramsey–Cass–Koopmans model, or Ramsey growth model, is a neoclassical model of economic growth based primarily on the work of Frank P. Ramsey, with significant extensions by David Cass and Tjalling Koopmans. ... Only later was a model adopted by Cass and Koopmans as a description of a decentralized dynamic economy

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