1. Basic concepts for the theory of public investment -- 2. Methods of optimization over time -- 3. Optimal investment planning in a one-commodity model -- 4. Optimal investments in a two-sector model -- 5. Objectives, markets, and public instruments -- 6. Optimal policy and controllability with...

A strategic mechanism of price adjustment is introduced to explain inflations in the U.S. during 1909-1974. The mechanism follows from our theory that when the profit rate is above a normal-target rate, competitive forces operate to lower prices while if the profit rate is below the target a...