Uzawa's theorem

Uzawa's theorem, also known in the context of economics, particularly pertains to optimal growth models and is named after the economist Hirofumi Uzawa. It provides conditions under which an economy can achieve a dynamic equilibrium while maximizing utility over time, often in the context of intertemporal choice and resource allocation. In its most common formulation, Uzawa's theorem is discussed in relation to the optimal growth problem in economics, specifically the Ramsey model.