Suchergebnisse

Fallacy 1 : U.S. goods cannot compete effectively with those produced by cheap labor in countries such as China -- Fallacy 2 : Immigrant labor confers economic benefits on the host country -- Fallacy 3 : Globalization acts to raise living standards in the West -- Fallacy 4 : Countries forming a common market reap economic benefits -- Fallacy 5 : Rent controls are necessary during a housing shortage -- Fallacy 6 : The fact that women's earnings are significantly below those of men is evidence of discrimination -- Fallacy 7 : A reduction in building costs will reduce house prices -- Fallacy 8 : Jobs are lost when a factory or business closes down, and vice versa -- Fallacy 9 : A competitive private enterprise economy tends to produce economic efficiency -- Fallacy 10 : A subsidy to university education is justified since it promotes equality of opportunity and confers benefits on society as a whole -- Fallacy 11 : The national debt is a burden on future generations -- Fallacy 12 : Inflation is caused by an excessive increase in the supply of money -- Fallacy 13 : The rate of economic growth over time is a good index of the growth of people's satisfaction

"Cost-benefit analysis (CBA) is the systematic and analytical process of comparing benefits and costs in evaluating the desirability of a project or programme - often of a social nature. It attempts to answer such questions as whether a proposed project is worthwhile, the optimal scale of a proposed project, and the relevant constraints. CBA is fundamental to government decision making and is established as a formal technique for making informed decisions on the use of society's scarce resources. This timely 6th edition of the classic Cost-Benefit Analysis text continues to build on the successful approach of previous editions, with lucid explanation of key ideas, simple but effective expository short chapters, and an appendix on various useful statistical and mathematical concepts and derivatives. The book examines important developments in the discipline, with relevant examples and illustrations as well as new and expanded chapters which build upon standard materials on CBA. Highlights include; updated historical background of CBA, extended non-market goods valuation methods, the impact of uncertainty, evaluation of programmes and services, behavioural economics, decision rules and heuristics, CBA and regulatory reforms CBA in developed and developing countries value of household production, other topics frequently encountered in CBA, such as costs of diseases and air pollution, and value of statistical life. This book is a valuable source and guide to international funding agencies, governments, interested professional economists and senior undergraduate and graduate students. The text is fully supported by a companion website, which includes discussion questions and PowerPoint slides for each chapter."