| Sumario: | The article provides the logical structure to economist Frank Ramsey's capital model involving capital goods to test the consistency of their literary theorizing about capital. Long ago Ramsey gave a complete capital model involving a single homogeneous capital good. By this model economists could test the consistency of their literary theorizing about capital, and could establish important propositions. The article therefore generalizes the Ramsey capital model to any number of capital goods. The resulting mathematical problem turns out to have some intrinsically intricate transversally or end conditions that will probably be of importance in many dynamic programming problems. The generalized Ramsey problem is now solved. The solution is quite straightforward, even though tedious because of the need to integrate the Euler differential equations. The article reviews some of the fashionable Hamiltonian formalisms that are often used in the physics and mathematics literature to describe variational problems.
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