Routledge Dictionary of Economics, Second Edition
Equating the rate of profit with the rate of growth. In the theory of ECONOMIC GROWTH, it is the optimal growth path for an economy such that the maximum level of consumption per head of a population is sustained.
References
Phelps, E.S. (1961) ‘The golden rule of accumulation: a fable for growthmen’, American Economic Review 51:638–43.
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