TY - BOOK AU - Arrow,Kenneth J. AU - Kurz,Mordecai ED - Resources for the Future. TI - Public investment, the rate of return, and optimal fiscal policy SN - 0801811244 AV - HJ131 .A7 U1 - 336.3'9'0973 PY - 1970/// CY - Baltimore PB - Published for Resources for the Future by the Johns Hopkins Press KW - Expenditures, Public KW - Government spending policy KW - Fiscal policy KW - Economic policy N1 - Bibliography: p. 209-213 N2 - 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 ER -