Efficient Economic Growth

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The book presents a revised Habilitationsschrift accepted by Dortmund University's economic department in 1991, featuring largely unpublished materials discussed at various universities. It explores dynamic efficiency through a structured analysis, including a basic model, general theorems, and implications for storable consumer goods and welfare. Additionally, it examines the relationship between interest rates and economic growth. Acknowledgments highlight contributions from numerous colleagues, particularly Wolfram F. Richter and Niko Wolik, while the author takes responsibility for any remaining errors.