简介：This paper presents a version of the Ramsey-Cass-Koopmans model (1965) with an explicit equation for the saddle path, starting from a utility ;
function describing preferences for consumption and savings.Such a maximizing criterion including the flow of saving formalizes the concept of Max Weber’s spirit of capitalism and makes the model ;
similar to the one of ZOU (1994), except that his specification includes the capital stock instead.
简介：This paper presents a version of the Ramsey-Cass-Koopmans model (1965) with an explicit equation for the saddle path, starting from a utility ; function describing preferences for consumption and savings.Such a maximizing criterion including the flow of saving formalizes the concept of Max Weber’s spirit of capitalism and makes the model ; similar to the one of ZOU (1994), except that his specification includes the capital stock instead.