COST-BENEFIT ANALYSIS: BASTARD SCIENCE? AND/OR INSIDIOUS POISON IN THE BODY POLITICK?

COST-BENEFIT ANALYSIS IS ONE OF THE TECHNIQUES MOST PRONE TO MISUNDERSTANDING AND MISAPPLICATION IN THE HANDS OF THE UNINITIATED. IT IS SHOWN TO BE A NATURAL AND LOGICAL EXTENSION OF SYSTEMS ANALYSIS, OPERATIONS RESEARCH AND COST-EFFECTIVENESS ANALYSIS, BUT MORE AMBITIOUS THAN THEY IN EVALUATIVE SCOPE AND TECHNIQUE, AND HENCE RATHER MORE VULNERABLE AT CERTAIN WELL- RECOGNIZED POINTS. CRITICISMS OF COST-BENEFIT ANALYSIS ARE REVIEWED FROM THE ECONOMIST'S VIEWPOINT, AND THE ROLE AND ACTIVITIES OF THE ROSKILL COMMISSION ON THE THIRD LONDON AIRPORT ARE DISCUSSED. /DOT/

  • Corporate Authors:

    J Public Economics /Netherlands

    ,    
  • Authors:
    • Williams, A
  • Publication Date: 1972-8

Media Info

  • Pagination: p. 199-225
  • Serial:
    • Volume: 1
    • Issue Number: 2

Subject/Index Terms

Filing Info

  • Accession Number: 00202334
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Aug 22 1973 12:00AM