Cover of Kenneth J. Arrow, Mordecai Kruz: Public Investment, the Rate of Return, and Optimal Fiscal Policy

Kenneth J. Arrow, Mordecai Kruz Public Investment, the Rate of Return, and Optimal Fiscal Policy

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Taylor and Francis

2013

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978-1-135-98882-1

1-135-98882-X

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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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