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Published 1982 | public
Book Section - Chapter

The methodology of benefit-cost analysis with particular reference to the CFC program

Abstract

This paper is a preliminary investigation of some critical concepts of allocative economics to determine the extent to which benefit-cost analysis of the CFC problem can make an economic contribution to the decision-making processes of society. If our conclusions are, in the main, correct, they will act inevitably to weaken the faith that can be reposed in a benefit-cost analysis or, at least, to restrict its range of application.

Additional Information

Formerly SSWP 249.

Additional details

Created:
August 19, 2023
Modified:
January 14, 2024