Benefit-Cost Analysis: Its Relevance to Public Investment Decisions

Arthur Maass

The Quarterly Journal of Economics, 1966, vol. 80, issue 2, 208-226

Abstract: What is the problem? 208. — Have benefits been overestimated? 211. — How did we get to where we are? 212. — What changes in welfare economics theory are needed? 213. — What is the evidence that trade-offs can be determined? 218. —The lesson, 225.

Date: 1966
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