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Cost benefit analysis / Edited by Richard Layard and Stephen Glaister
Cambridge : Cambridge University Press, 1994
x, 497 p. : ill. ; 26 cm.
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
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