3,015 works, 150 years of economic thought. Each one summarized and searchable, with cited passages inside.
An investment allocation can maximize projected income yet leave productive capacity idle, consumption sacrificed, or investment exposed to greater uncertainty. In this article, Jati K. Sengupta and Gerhard Tintner examine that tension through Dutch long-term planning and India’s Mahalanobis model. Their concern is not simply to calculate an optimum, but to ask which assumptions make it feasible and desirable: whether saving keeps pace with investment, whether production techniques can change, and whether planners value output or consumption. A numerical exercise using Indian Third Five-Year Plan constraints makes the stakes concrete, showing how a preference for lower investment risk can alter the income-maximizing allocation. Readers can discover how seemingly technical choices about coefficients and objectives shape the economic priorities embedded in a development plan.