Public investment, the rate of return, and optimal fiscal policy

Author(s)

• Arrow, Kenneth Joseph
• Kurz, Mordecai
• Resources for the Future

Bibliographic Information

Public investment, the rate of return, and optimal fiscal policy

Kenneth J. Arrow and Mordecai Kurz

（Resources for the Future library collection, . Environmental resource and economics ; v. 1）

RFF Press, 2011

Note

"First published in 1970 by the Johns Hopkins University Press for Resources for the Future" -- T.p. verso

Set ISBN for "Environmental resource and economics": 9781617260032

Includes bibliographical references (p. 209-213) and index

Description and Table of Contents

Description

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

Table of Contents

• Chapter 1 Basic Concepts for the Theory of Public Investment
• Chapter 2 Methods of Optimization over Time
• Chapter 3 Optimal Investment Planning in a One-Commodity Model
• Chapter 4 Optimal Investment in a Two-Sector Model
• Chapter 5 Objectives, Markets, and Public Instruments
• Chapter 6 Optimal Policy and Controllability with Imperfect Capital Markets
• Chapter 7 Consumer Behavior in a Perfect Market
• Chapter 8 Controllability of Public Policy in Perfect Capital Markets

by "Nielsen BookData"

Details

• NCID: BB05791935
• ISBN:
  • 9781617260308
• Country Code: us
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: Washington, D.C.
• Pages/Volumes: xxviii, 218 p.
• Size: 25 cm
• Classification:
  • DC22 : 336.39
• Subject Headings:
  • LCSH : Expenditures, Public -- Rate of return
  • LCSH : Government spending policy
  • LCSH : Fiscal policy -- Mathematical models
  • LCSH : Economic policy -- Mathematical models
• Parent Bibliography ID:
  • BB05384749