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

Public Investment, the Rate of Return, and Optimal Fiscal Policy 250 Reviews [part 2, Apart from being difficult, it would perhaps also be unfair to single out one or two of the book's thirty-eight papers for special mention. It is probably much more important to emphasize that here we have a useful and necessary challenge to the new generation of investment analysts, portfolio managers, theorists and teachers and to express the hope that a later edition three or four years hence will present a collection of British papers which are more strongly influenced by the very substantial American contributions to the subject. G. H. LAWSON Manchester Business School 11. Public Investment, the Rate of Return, and Optimal Fiscal Policy. By Kenneth J. Arrow and Mordecai Kurz. The Johns Hopkins Press, Baltimore and London, 1970. xxviii, 218 p. 91". £4·30. This important new volume, published under the auspices of Resources for the Future, is of a highly abstract and technical nature and is directed mainly towards professional practitioners in the field of investment planning and not towards the general student of public finance. Its primary purpose is to contribute to the theory of optimal resource allocation within a dynamic setting and within the context of a mixed economy, and to http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of the Royal Statistical Society Series A (Statistics in Society) Oxford University Press

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

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Copyright
© 1971 The Authors
ISSN
0964-1998
eISSN
1467-985X
DOI
10.2307/2343884
Publisher site
See Article on Publisher Site

Abstract

250 Reviews [part 2, Apart from being difficult, it would perhaps also be unfair to single out one or two of the book's thirty-eight papers for special mention. It is probably much more important to emphasize that here we have a useful and necessary challenge to the new generation of investment analysts, portfolio managers, theorists and teachers and to express the hope that a later edition three or four years hence will present a collection of British papers which are more strongly influenced by the very substantial American contributions to the subject. G. H. LAWSON Manchester Business School 11. Public Investment, the Rate of Return, and Optimal Fiscal Policy. By Kenneth J. Arrow and Mordecai Kurz. The Johns Hopkins Press, Baltimore and London, 1970. xxviii, 218 p. 91". £4·30. This important new volume, published under the auspices of Resources for the Future, is of a highly abstract and technical nature and is directed mainly towards professional practitioners in the field of investment planning and not towards the general student of public finance. Its primary purpose is to contribute to the theory of optimal resource allocation within a dynamic setting and within the context of a mixed economy, and to

Journal

Journal of the Royal Statistical Society Series A (Statistics in Society)Oxford University Press

Published: Dec 5, 2018

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