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Public Investment Criteria: Benefit-Cost Analysis for Planned Economic Growth

Stephen A. Marglin



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07 April 2016
Economic growth; Public finance
This book, first published in 1967, explores some of the problems formulating investment criteria for the public sector of a mixed-enterprise, underdeveloped economy. The typical essay on public investment criteria explicitly or implicitly postulates a single goal for economic analysis - maximization of weighted average of national income over time - and relegates all other objectives of public policy to a limbo of political and social objectives not amenable to systematic, rational treatment. In contrast Professor Marglin assumes a multiplicity of objectives and explores ways and means of expressing contributions to different objectives in common terms. The book also investigates the relationship of specific investment criteria to the objectives of public policy. Benefits and costs are defined separately for each objective, as are so-called secondary benefits. This book is suited for students of economics.
By:   Stephen A. Marglin
Imprint:   Routledge
Country of Publication:   United Kingdom
Dimensions:   Height: 216mm,  Width: 138mm, 
Weight:   454g
ISBN:   9781138830660
ISBN 10:   1138830666
Pages:   104
Publication Date:   07 April 2016
Audience:   College/higher education ,  Further / Higher Education ,  A / AS level
Format:   Paperback
Publisher's Status:   Active

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