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

by Kenneth J. Arrow and Mordecai Kruz

Book Overview

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

• Format: Hardcover
• Language: English
• ISBN: 1617260304
• ISBN13: 9781617260308
• Release Date: January 2011
• Publisher: Rff Press
• Length: 254 Pages
• Weight: 1.17 lbs.
• Dimensions: 0.6" x 6.1" x 9.2"