Holahan, William L.; Kroncke, Charles O. - In: International Review of Economic Education 3 (2004) 1, pp. 77-87
Harold Hotelling's path-breaking article in 1931 used higher mathematics to explain the economics of non-renewable resources. In that article, Hotelling asserted that conventional static models were inadequate to illustrate his ideas, and presumably he would have extended that opinion to the...
