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

Discover the profound insights of "Public Investment, the Rate of Return, and Optimal Fiscal Policy," co-authored by Nobel laureate Kenneth Arrow. Published in 2011 by Taylor & Francis Inc., this enlightening hardback spans 254 pages and delves into the critical role of public expenditures within modern growth theory. The authors explore optimal growth through the lens of public capital, introducing a groundbreaking theory of 'controllability' that reshapes our understanding of public economics and growth models. This book is essential for economists, policymakers, and anyone interested in the intricacies of government spending policy and fiscal strategies. Enhance your knowledge of economic policy with this essential read from Resources for the Future Staff.