Tag Archives: produced capital

An Inconvenient Truth about the Hartwick Rule

Posted on May 20, 2021 by Adam Bailey

The relevance to the Hartwick Rule of depreciation of produced capital is not widely understood. Suppose the inputs of a closed economy consist of produced capital K, a non-renewable resource R and labour L.  It produces a single good which … Continue reading →

Posted in Macroeconomic Theory, Sustainability | Tagged , , , , , , | Leave a comment