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Benefitcost Analysis A Political Economy Approach A Allan Schmid

Name: Benefitcost Analysis A Political Economy Approach A Allan Schmid
SKU: BELL-43514086
Price: 31.00 USD
Availability: InStock
Rating: 4.25 (48 reviews)

SKU: BELL-43514086

$ 31.00 ~~$ 45.00~~ (-31%)

4.3

48 reviews

Benefitcost Analysis A Political Economy Approach A Allan Schmid instant download after payment.

Publisher: Routledge

File Extension: EPUB

File size: 1.94 MB

Author: A. Allan Schmid

ISBN: 9780429718601, 0429718608

Language: English

Year: 2019

Product desciption

Benefitcost Analysis A Political Economy Approach A Allan Schmid by A. Allan Schmid 9780429718601, 0429718608 instant download after payment.

Choice is the name of the game. Government sets the size of the public budget and decides which public projects it will invest in and which transfers and regulations it will implement. To do this systematically the government must have a procedure that displays the consequences of the alternatives. This book is an exposition of benefit-cost analysis (BCA), an analytic framework for organizing thoughts, listing the pros and cons of alternatives, and determining values for all relevant factors so that the alternatives can be ranked. A major question illuminated by this text is whether the results of such an analysis can instruct government--in the sense of telling it what it must do to avoid being labelled stupid, corrupt, irrational, and/or inefficient. How and when, we will ask, can the benefit-cost analyst label a particular governmental investment, policy, or regulation as political (in the pejorative sense) as opposed to economic (in the laudatory sense of being economically justified)? This book will argue that BCA is much like a consumer information system. Consumer information neither tells consumers what to do nor tells them what they should want. However, it does tell them which products will perform in selected ways and at what costs. And this information, together with the independently arrived at wants, helps the consumer make intelligent choices.