Public Investment, the Rate of Return, and Optimal Fiscal Policy http://www.fishpond.co.nz/Books/Public-Investment-Rate-of-Return-and-Optimal-Fiscal-Policy-Kenneth-J-Arrow-Mordecai-Kurz/9781617260308
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.
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