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David Cass

Professor of Economics (deceased 2008) · University of Pennsylvania

General equilibrium theorist who was a professor of economics at the University of Pennsylvania from 1974 until his death in 2008. His work covered optimal growth, sunspot equilibria, incomplete financial markets and overlapping generations models.

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Published Classic Review of Economic Studies Published Jul 1965

Optimum Growth in an Aggregative Model of Capital Accumulation

David Cass

David Cass's 1965 paper elaborates Frank Ramsey's 1928 optimum-saving problem inside Robert Solow's aggregative growth model, showing that maximizing the discounted stream of utility from per-capita …

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