author={Frank Plumpton Ramsey},
  journal={The Economic Journal},
  • F. Ramsey
  • Published 1 December 1928
  • Economics
  • The Economic Journal
Youruse of the JSTOR database indicates your acceptance of JSTOR’s Termsand Conditions of Use. A copy of JSTOR’s Terms and Conditions of Useis available at, by contacting, or by calling JSTOR at 0161 275 7919 or (FAX) 0161 275 6040. Nopart ofaSTOR transmission may be copied, downloaded,stored, further transmitted, transferred, distributed, altered, or otherwise used, in any form or by any means, except: (1) one stored electronic… 

Figures from this paper

Essays in computational economics
• This work is protected by copyright and other intellectual property rights, which are retained by the thesis author, unless otherwise stated. • A copy can be downloaded for personal non-commercial
The characterization of optimal saving programs in a quadratic model
The theory of Toeplitz forms is applied to the optimal saving problem in a quadratic programming setting and the time pattern of the optimal solution is focused upon.
Cold War, Dynamic Programming, and the Science of Economizing: Bellman Strikes Gold in Policy Space 1
General facts, or, if you please, the general laws which facts follow, are styled principles, whenever it relates to their application; that is to say, the moment we avail ourselves of them in order
These notes are based on individual lectures of a course on mathematical economics given by the author in the autumn of 1971 in the Faculty of Mathematics and Mechanics of Moscow State University. §
Dynamic optimization under uncertainty: non-convex feasible set
An editorial note in the Economic Journal (May 1930) reported the death of Frank Ramsey, and his 1928 paper was described as ‘one of the most remarkable contributions to mathematical economics ever
Mathematical theory of economic dynamics and equilibria
corresponds to a Lie subgroup, strikes me as one of those necessary but dull routines which are found in the elements of almost every mathematical subject. The classification of simple Lie algebras,
The Theory of Index Numbers
The theory of index numbers has a long and distinguished history. The quantity theory of money asserts that the value of money, which in itself is a function of the general level of prices, varies
Working Paper No . 572 , 2002 Welfare Foundations of Discounting
We investigate whether temporal preferences expressed as a sum of discounted consumption utilities can be derived from a welfare representations in the form of a sum of discounted total utilities. We
A new class of problems in the calculus of variations
This paper investigates an infinite-horizon problem in the one-dimensional calculus of variations, arising from the Ramsey model of endogeneous economic growth. Following Chichilnisky, we introduce
Perspectives on Weitzman's stationary equivalent: Discussion of Kazuo Mino's "Weitzman's Rule with Market Distortions"
1 Based on comments given at the Technical Symposium ‘‘Economic Conservation Laws and Optimizing Behavior of Individuals: Conventional and Differential Geometric Approaches,’’ held at Center for