
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: International Economic Policy Coordination
... The goal of economic policy in our model will be to maximize a social welfare function as in (1) or (2), subject to the constraint in (10). The assumption that eg is always such as to keep the economy on the saddlepoint path (or stable manifold) requires that economic agents have complete knowledge ...
... The goal of economic policy in our model will be to maximize a social welfare function as in (1) or (2), subject to the constraint in (10). The assumption that eg is always such as to keep the economy on the saddlepoint path (or stable manifold) requires that economic agents have complete knowledge ...
Jeffrey Sachs

Jeffrey David Sachs (/ˈsæks/; born November 5, 1954) is an American economist and director of the Earth Institute at Columbia University. He is known as one of the world's leading experts on economic development and the fight against poverty.Sachs is the Quetelet Professor of Sustainable Development at Columbia's School of International and Public Affairs and a professor of health policy and management at Columbia's School of Public Health. He is special adviser to United Nations Secretary-General Ban Ki-Moon on the Millennium Development Goals, having held the same position under former UN Secretary-General Kofi Annan. He is co-founder and chief strategist of Millennium Promise Alliance, a nonprofit organization dedicated to ending extreme poverty and hunger. From 2002 to 2006, he was director of the United Nations Millennium Project's work on the Millennium Development Goals, eight internationally sanctioned objectives to reduce extreme poverty, hunger, and disease by the year 2015. He is director of the UN Sustainable Development Solutions Network. Since 2010 he also served as a commissioner for the Broadband Commission for Digital Development, which leverages broadband technologies as a key enabler for social and economic development. Since 1995, he is also a member of the International Advisory Council of the Center for Social and Economic Research (CASE).Sachs has authored three New York Times bestsellers: The End of Poverty (2005), Common Wealth (2008), and The Price of Civilization (2011). His most recent book is The Age of Sustainable Development (2015). He was named one of Time Magazine's ""100 Most Influential People in the World"" in 2004 and 2005, and was awarded the Blue Planet Prize in 2015 for his contributions to solving global environmental problems.