This paper studies the problem of accumulating heterogeneous capital goods in an economy with imperfect markets populated by boundedly rational agents. It relaxes classical assumptions about information and cognition. The agents are not capable of computing an equilibrium path to steady state....

Optimal Growth Economics is concerned with the investigation of the contemporary issues in general economics, and growth economics and in the formulation of optimal growth programs, especially the issue of the sustainability of growth. This book proposes the development of optimal growth...