Public investment, the rate of return, and optimal fiscal policy
Author(s)
Bibliographic Information
Public investment, the rate of return, and optimal fiscal policy
(Resources for the Future library collection, . Environmental resource and economics ; v. 1)
RFF Press, 2011
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"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"