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À propos du principe du Maximum

Author

Listed:
  • Gilbert Abraham-Frois
  • Alain Goergen

Abstract

Optimum growth, endogeneous growth theories, real business cycles models find strong support, and partly its very origin on maximum principle which seems specially suited for economic analysis. The comparison with Ramsey model emphasizes how introduction of Maximum Principle did help to clarify concepts and allowed both simplification and new views in intertemporal optimization analysis. The paper takes into account recent applications, and wonders why Bellman Principle, so close in many aspects to Maximum Principle, has suffered for later diffusion in the sixties. Classification JEL : B2, E1, E2

Suggested Citation

  • Gilbert Abraham-Frois & Alain Goergen, 2002. "À propos du principe du Maximum," Revue économique, Presses de Sciences-Po, vol. 53(1), pages 7-27.
    • Handle: RePEc:cai:recosp:reco_531_0007
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    JEL classification:

    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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