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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
Title: Public Investment, the Rate of Return, and ...
Publisher: Resources For the Future, Inc.
Publication Date: 1970
Binding: Hardcover
Condition: Very Good
Dust Jacket Condition: No Jacket