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

AvMordecai Kruz,Kenneth J. Arrow

E-bok
Engelska, 2013

3 428 kr

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E-bok

3 428 kr

Beskrivning

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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