Hotelling, Rawls, Solow: How Exhaustible Resources Came to Be Integrated into the Neoclassical Growth Model
聚焦索洛的贡献,分析1970年代初可耗竭资源如何被整合进新古典增长模型,并追溯其对经济学界的影响,特别是哈特维克规则和可持续性思考方式。
Exhaustible resources were integrated into the neoclassical growth model in the early 1970s. This happened partly as a reaction to various reports focusing on the limits to growth. At a deeper level, the debate on Rawls's theory of justice in an intergenerational context and Hotelling's economics of exhaustible resources were crucial inputs. This paper concentrates on Solow's contribution to the integration. It also traces its influence on the economics profession, focusing on the Hartwick rule and the way in which economists think about sustainability.