Elgar Advanced Introductions are stimulating and thoughtful
introductions to major fields in the social sciences and law,
expertly written by the world s leading scholars. Designed to be
accessible yet rigorous, they offer concise and lucid surveys of
the substantive and policy issues associated with discrete subject
areas. This concise yet comprehensive introduction aims to outline
the core principles of Cost-Benefit Analysis (CBA), laying them out
in an accessible manner with minimum technical detail. The applied
nature of the subject is emphasized by showing how each of the
principles is applied to an actual public policy intervention,
covering transport, education, health and the environment. Robert
J. Brent demonstrates how economic efficiency and equity can be
combined as social objectives to help determine decisions that can
increase satisfaction for all. Covering the fundamental principles,
this book presents applications for every concept discussed and
lays the foundations for further study in the field. It combines
distribution with efficiency as the objectives of public policy,
compares the CBA methodology with competing methods of allocating
resources that satisfy basic needs, and analyses CBA from the
perspective of modern applied welfare economics. The main
conclusion is that CBA is the basis for understanding any kind of
public policy decision regardless of the field of study, be that
government expenditure, taxation or regulation, and irrespective of
the tangible or intangible outcome the policy is attempting to
influence. Both accessible and erudite, the Advanced Introduction
to Cost Benefit Analysis will be essential reading for students of
health, education, transportation, public finance, regulation,
environmental and development economics, and political science, as
well as the general reader interested in understanding how public
policy should be implemented. Furthermore, the insightful analysis
will appeal to practitioners working in government, public
institutions and NGOs.
General
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