Routledge Benefit-cost Analysis: A Political Economy Approach

In the realm of government decision-making, choice is everything. Governments must determine the size of public budgets, select specific public projects for investment, and decide on the implementation of transfers and regulations. To manage these complex decisions systematically, a reliable procedure is needed to display the consequences of different alternatives. Benefit-cost analysis (BCA) provides this essential analytic framework. This book by Routledge serves as a detailed exposition of BCA, offering a method for organizing thoughts and listing the pros and cons of various options. By determining values for all relevant factors, this text helps users rank alternatives effectively. It is a fundamental resource for understanding how political economy shapes the way public resources are allocated and how different policy paths are evaluated.