Public Investment, the Rate of Return and Optimal Fiscal Policy (RFF Environmental and Resource Economics Set)

by Kenneth J. Arrow and Mordecai Kurz

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

• ISBN10: 0801811244
• ISBN13: 9780801811241
• Publish Date: 1 July 1970
• Publish Status: Out of Stock
• Out of Print: 14 September 2009
• Publish Country: US
• Imprint: Johns Hopkins University Press
• Format: Hardcover
• Pages: 218
• Language: English