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Download or read book Stability And Time-optimal Control Of Hereditary Systems: With Application To The Economic Dynamics Of The Us (2nd Edition) written by Ethelbert Nwakuche Chukwu and published by World Scientific Publishing Company. This book was released on 2001-12-28 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stability and Time-Optimal Control of Hereditary Systems is the mathematical foundation and theory required for studying in depth the stability and optimal control of systems whose history is taken into account. In this edition, the economic application is enlarged, and explored in some depth. The application holds out the hope that full employment and high income growth will be compatible with low prices and low inflation, provided that the control matrix has full rank, i.e., the existing controls are fully effectively used. The book concludes with a new appendix containing complete programs, data, graphs and quantitative results for the US economy.