Question

Compare and contrast between the Ramsey model and the solow model
include the assumption important equations phase diagram and interpretation​

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. The Ramsey–Cass–Koopmans model differs from the Solow–Swan model in ... Originally Ramsey set out the model as a central planner's problem o