Public Investment, the Rate of Return, and Optimal Fiscal Policy
Author: Kenneth J. Arrow
Publisher: Routledge
Published: 2013-10-18
Total Pages: 254
ISBN-13: 1135988897
DOWNLOAD EBOOKThis 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