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Cost-benefit analysis

Should Chicago build a new airport, or India build a new steel mill? Should higher education expand, or water supplies be improved? These are typical questions about which cost-benefit analysis has something to say. It is the mail tool that economics provides for analysing problems of social choice. It also provides a useful vehicle for understanding the practical value of welfare economics.

Statement of Responsibility
Author(s) Layard, P. R. G. (P. Richard G.) - Personal Name
Glaister, Stephen. - Personal Name
Edition 2nd ed.
Call Number [TSI-LIB-164]
Subject(s) Cost effectiveness
Language English
Publisher Cambridge University Press
Publishing Year 1994
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