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

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

Auteur: Kenneth J. Arrow, Mordecai Kruz
Uitgever: Taylor & Francis
Editie: 1
Publicatiedatum: 2013
ISBN: 9781617260308

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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

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