Public Investment, the Rate of Return, and Optimal Fiscal Policy
| By: | Kenneth J. Arrow; Mordecai Kruz |
| Publisher: | Taylor & Francis |
| Print ISBN: | 9781617260308 |
| eText ISBN: | 9781135988890 |
| Edition: | 1 |
| Copyright: | 2011 |
| Format: | Reflowable |
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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. Originally published in 1970