the first mcdonalds was opened in the uk in 1974.
when was the first mcdonalds opened in the uk?
1974
in resource economics, hartwick's rule defines the amount of investment in produced capital (buildings, roads, knowledge stocks, etc.) that is needed to exactly offset declining stocks of non-renewable resources. this investment is undertaken so that the standard of living does not fall as society moves into the indefinite future. solow (1974) shows that, given a degree of substitutability between produced capital and natural resources, one way to design a sustainable consumption program for an economy is to accumulate produced capital sufficiently rapidly so that the pinch from the shrinking exhaustible resource stock is precisely countered by the services from the enlarged produced capital stock. hartwick's rule – often abbreviated as "invest resource rents" – requires that a nation invest all rent earned from exhaustible resources currently extracted, where "rent" is defined along paths that maximize returns to owners of the resource stock. the rule extends to the case of many types of capital goods, including a vector of stocks of natural capital.
hartwick's rule
godkin lectures





















































the edwin l. godkin lecture is an annual lecture hosted by harvard university's john f. kennedy school of government.





















































the lecture series was found in 1903 and named in honor of edwin l. godkin, the famous irish-american journalist who founded the nation.





















































section::::references.





















































"the democratic mistake: godkin lectures of 1909", arthur george sedgwick, 





















































"problems of today", moorfield storey, godkin lectures of 1920, 





















































"theory and practice in politics", robert moses, godkin lectures of 1939 





















































"ethics in government", paul douglas, godkin lectures of 1952





















































"uses of the university", clark kerr, godkin lectures of 1963
godkin lectures