  The condition that is represented in inequality (6) is known as the Overtaking Criterion (OC), for that is what it is. OC avoids asking whether the integrals on either side of inequality (6) converge as \(t \rightarrow \infty\). If they do, OC reduces to Classical Utilitarianism. But OC is able to respond to Ramsey’s saving problem in a wider class of situations. In his work Koopmans (1965) identified a canonical economic model in which the \(U\)-function is bounded above and in which Ramsey Mark II is equivalent to an optimization problem that is posed in terms of OC.