Public Investment the Rate of Return and Optimal Fiscal Policy by Kenneth J. Arrow, Hardcover | Indigo Chapters

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 | Public Investment the Rate of Return and Optimal Fiscal Policy by Kenneth J. Arrow, Hardcover | Indigo Chapters