Public Investment, the Rate of Return, and Optimal Fiscal Policy

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Public Investment, the Rate of Return, and Optimal Fiscal Policy by Arrow, Kenneth J.; Kurz, Mordecai, 9781617260308
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  • ISBN: 9781617260308 | 1617260304
  • Cover: Hardcover
  • Copyright: 10/31/2010

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This book, co-authored by the Nobel-prized economist, Kenneth Arrow, considers public expenditures in the context of modern growth theory. It analyzes optimal growth with public capital. A theory of 'controllability' is developed and injected into public economics and growth models.
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