From common labor to quantum of knowledge: the Ramsey model

Authors

  • Joilson Dias Programa de Mestrado em Economia, Universidade Estadual de Maringa

Keywords:

crescimento econômico, quantum de conhecimento, trabalho comum

Abstract

The famous Ramsey model is reinterpreted according to the Quantum of Knowledge Theory. A new model of economic growth emerges. It explains the passage from a common labor-based economy to a modern economy based on the quantum of knowledge. As a result the society's consumption function switches from being constant to increasing with the quantum of knowledge accumulation process.

Published

2018-08-20