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Marginal Cost in the New Economy: A Proposal for a Uniform Approach to Policy Evaluations - A Proposal for a Uniform Approach to Policy Evaluations (Hardcover, New)
Loot Price: R3,991
Discovery Miles 39 910
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Marginal Cost in the New Economy: A Proposal for a Uniform Approach to Policy Evaluations - A Proposal for a Uniform Approach to Policy Evaluations (Hardcover, New)
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Marginal Cost in the New Economy outlines a bold new approach for
resolving a wide variety of public policy debates. It proposes that
a single standard -- marginal cost methodology -- be adopted to
replace the haphazard arrays of methods and techniques currently
employed to measure the costs and benefits of disputed policy
issues. The book's objective is to substitute a single set of
harmonious principles for the inconsistent, erratic, and often
self-serving approaches to cost-benefit determination currently
applied to numerous public issues. The author explains how this
methodology would provide an effective starting point for
evaluating issues ranging from the relatively simple, such as
school vouchers, to the more complex, including prescription drug
prices and anti-trust questions. The book also includes a review of
the economic requirements of the New Economy as contrasted with
traditional microeconomics, which makes it equally useful for
courses in microeconomics, public policy, or price theory.
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