Talk:Golden Rule savings rate
From Wikipedia, the free encyclopedia
to show the relationship between GDP, savings rate, and consumption at different steady states |
[edit] Golden Rule or Gilded Age
An interesting paper by Frank Thompson shows that under the profit maximizing savings rate, consumption is lower than under the Golden Rule savings rate. Somebody who knows more should add a section on it. Source: "Golden Age versus Golden Rule: Capitalists versus Workers in Growth Theory" from Review of Radical Political Economics, Vol. 35, No. 1, 3-17 (2003)