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On the Welfare Significance of National Product in a Dynamic Economy

Martin L. Weitzman

The Quarterly Journal of Economics · 1976 · Volume 90 · Issue 1

DOI: 10.2307/1886092

Abstract

I. Introduction, 156. — II. A formulation of the problem, 156. — III. What is net national product? 159. — IV. Proof of the main proposition, 160. — V. Unanticipated technological change: an application, 161.

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