English, Article edition: Cost benefit analysis and the environment RAY, ANANDARUP

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Bookmark: http://trove.nla.gov.au/version/180308
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  • article
Language
  • English

Edition details

Title
  • Cost benefit analysis and the environment
Author
  • RAY, ANANDARUP
Physical Description
  • article
Notes
  • The thrust of the principles enunciated in Arrow et al. is that economic benefits and costs can be a great help in organizing disparate concerns, in identifying issues, and in designing regulatory policies and individual projects with environmental impact. While this true, I must disagree with the authors that 'formal benefit-cost analysis should not be viewed as either necessary or sufficient for designing sensible public policy' (p. 201). At least there can be little doubt that cost-benefit analysis is necessary for sensible policy. I comment below from the perspective of devloping countries.
  • RePEc:cup:endeec:v:2:y:1997:i:02:p:195-221_26
Language
  • English
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