This seminal work offers a carefully edited collection of Ryuzo Sato's pioneering contributions to the analysis of the theories of production, preference, stability and dynamic symmetry in economics.

The author examines production functions and preference functions containing both goods and money and studies the stability of general equilibrium systems and economic conservation laws. The book also includes Professor Sato's groundbreaking work on the application of Lie group theory to the estimation of technical progress.

This important book will be welcomed by scholars interested in technical change and progress.


Growth Theory and Technical Change

by Ryuzo Sato

Published 26 December 1996
This important volume collects together eighteen major essays written by Ryuzo Sato over the last thirty years in the area of growth theory and technical change.

After an autobiographical introduction describing Professor Sato's intellectual and personal development, the book presents his early pioneering work on growth models and the relevance of fiscal policy and time in these models. Later essays focus on the application of optimal control theory to growth theory, his work on endogenous growth, endogenous technical change and the development of 'Sato-Beckmann neutrality'.

This landmark book will be welcomed by researchers, teachers and students interested in technical change and progress.