Knowledge that Transforms

Journal Article A Two-Sector Two Class Model of Economic Growth Get access J. E. Stiglitz J. E. Stiglitz Massachusetts Institute of Technology Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 34, Issue 2, April 1967, Pages 227–238, https://doi.org/10.2307/2296811 Published: 01 April 1967

Journal Article A Productivity Theory of Wage Levels—An Alternative to the Phillips Curve Get access E. Kuh E. Kuh Massachusetts Institute of Technology Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 34, Issue 4, October 1967, Pages 333–360, https://doi.org/10.2307/2296554 Published: 01 October 1967

Journal Article On the Non-Linear Theory of the Employment Cycle Get access H. Rose H. Rose University of Rochester Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 34, Issue 2, April 1967, Pages 153–173, https://doi.org/10.2307/2296806 Published: 01 April 1967

Journal Article A Two-Level Constant-Elasticity-of-Substitution Production Function1 K. Sato K. Sato United Nations, New York Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 34, Issue 2, April 1967, Pages 201–218, https://doi.org/10.2307/2296809 Published: 01 April 1967

An economy is considered that has n goods and k types of labor, each of which is growing at the same constant rate. Goods are produced from labor and other goods by a set of specified activities. Given an initial supply of goods and amounts of labor, all possible production programs running from the present time to infinity through discrete time periods are considered. With each program is associated a utility sequence measuring the satisfaction achieved by the program at each period of time. A program is optimal if its utility sequence overtakes all other such sequences. The paper is devoted to proving the existence of optimal programs for a wide class of economies and to deriving the properties of such programs. In particular it is shown that the optimal program approaches a certain balanced program. Essential use is made of the existence of an infinite sequence of optimal prices with respect to which the optimal program is one which maximizes the sum of profit and utility at each time period. (Author)

D. W. Jorgenson, Z. Griliches; The Explanation of Productivity Change1, The Review of Economic Studies, Volume 34, Issue 3, 1 July 1967, Pages 249–283, htt