The Economics of Public Debt: Proceedings of a Conference Held by the International Economic Association at Stanford, California

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Palgrave Macmillan UK, Sep 19, 1988 - Business & Economics - 317 pages
A collection of essays presenting new insights into the analysis of public debt theory, recent historical episodes, econometric analyses and policy dilemmas and options. It also documents the perceptions of debt problems from viewpoints of national economies as well as the world economy.

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Contents

Deficits Monetary Policy and Real Economic Activity
3
On the Relevance or Irrelevance of Public
41
Concepts and Measures of Federal Deficits and Debt
77
Copyright

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About the author (1988)

Kenneth Joseph Arrow was born in New York City on August 23, 1921. He received a bachelor's degree in social science and in mathematics from City College. He did his graduate work at Columbia University. He served in the Army Air Corps during World War II. He taught at Harvard University from 1968 to 1979 and at Stanford University until retiring in 1991. He was an economist who was known for his contributions to mathematical economics. He wrote numerous books including Social Choice and Individual Values and Social Choice and Multicriterion Decision-Making written with Herve Raynaud. Arrow and John R. Hicks received the 1972 Nobel Memorial Prize in Economic Science for their work in welfare economics and the theory of social choice. In 2004, Arrow received the National Medal of Science, the nation's highest scientific honor. He died on February 21, 2017 at the age of 95.