The world is increasingly concerned with bridging the developmental gap between the developed and developing countries. With the establishment of a number of institutions for funding the projects including the World Bank, Asian Development Bank, and many other agencies, the need to develop mechanisms to assess economically viable projects is more important than ever. The Social-Cost Benefit Analysis (SCBA) is an important technique used in formulating, appraising, and evaluating projects. It is a facet of applied welfare economics which is increasingly being used to identify and assess public projects in both developing and developed countries. This volume presents a comprehensive view of cost-benefit analysis in its theoretical and applied dimensions. Both theory and case studies are presented. The theoretical setting for Cost-Benefit Analysis is established by the first five chapters-"Spatial General Equilibrium and Cost-Benefit Analysis," by David M. Newbery; "Optimum Growth Theory and Social Time Preference: A Computerized Mathematical Modeling Exercise to Choose a Social Discount Rate," by Sardar M. N. Islam; "A Theoretical Inquiry of the Axiomatic Consistency of Distributional Weights used in Cost-Benefit Analysis," by Giuseppe Munda; "The Output Gap: Measurement, Related Concepts, and Policy Implications," by Parameswar Nandakumar; and "A Methodological Comparison of Theoretical Approaches in Dichotomous Choice Contingent Valuation," by John C. Whitehead. This book will be useful as a reference text by professors and students in project appraisal classes and will be of equal value to analysts, planners, and interested general readers.

The flow and counter flow of revolution and counterrevolution have become the norm of the twentieth century. In this fascinating and well-rounded volume, the author illuminates the revolutionary process as it has developed from antiquity to the present day, from the vantage points of political science, history, and sociology. Meisel's work is presented in the form of twelve absorbing episodes in the history of Western civilization. His remarkable for the detail with which he approaches a subject often difficult to define and even more difficult to explain. He suggests a new and highly useful perspective of history by viewing it as a process of revolution and counterrevolution and their transitional stages. As it is the nature of revolutions to fall short of their objectives and to enjoy only a brief heyday that becomes the stereotype accepted by posterity, the author emphasizes their antithetical closing phases--whose lessons posterity tends to forget. Meisel's belief is that second-echelon figures teach us more about the natural process of revolution than the atypical "men of destiny," and he illustrates his account with many portrayals of comparative unknowns who lived through all the stages of revolution and counterrevolution. But revolutions can also be aborted or be preceded by counterrevolutions, as Meisel demonstrates by enlightening analyses of Mussolini's coup d'utat, the origins of the Spanish Civil War, and General de Gaulle's defeat of a potential army insurrection in behalf of French Algeria. In this profound and wide-ranging work, Meisel achieves an admirable balance between theory, action, and biography. The result is a unique survey of revolutionary history, in which a sophisticated thinker provides on almost every page a deepening understanding of the problems of revolution for the scholar and student of political processes, political theory, and comparative politics. The reader with a lively interest in the modus operandi of history will also find this book compelling reading.

The flow and counter flow of revolution and counterrevolution have become the norm of the twentieth century. In this fascinating and well-rounded volume, the author illuminates the revolutionary process as it has developed from antiquity to the present day, from the vantage points of political science, history, and sociology.

Meisel's work is presented in the form of twelve absorbing episodes in the history of Western civilization. His remarkable for the detail with which he approaches a subject often difficult to define and even more difficult to explain. He suggests a new and highly useful perspective of history by viewing it as a process of revolution and counterrevolution and their transitional stages. As it is the nature of revolutions to fall short of their objectives and to enjoy only a brief heyday that becomes the stereotype accepted by posterity, the author emphasizes their antithetical closing phases--whose lessons posterity tends to forget.

Meisel's belief is that second-echelon figures teach us more about the natural process of revolution than the atypical "men of destiny," and he illustrates his account with many portrayals of comparative unknowns who lived through all the stages of revolution and counterrevolution. But revolutions can also be aborted or be preceded by counterrevolutions, as Meisel demonstrates by enlightening analyses of Mussolini's "coup d'tat," the origins of the Spanish Civil War, and General de Gaulle's defeat of a potential army insurrection in behalf of French Algeria.

In this profound and wide-ranging work, Meisel achieves an admirable balance between theory, action, and biography. The result is a unique survey of revolutionary history, in which a sophisticated thinker provides on almost every page a deepening understanding of the problems of revolution for the scholar and student of political processes, political theory, and comparative politics. The reader with a lively interest in the "modus operandi" of history will also find this book compelling reading.

"James H. Meisel" who died in 1991 was professor emeritus of political science at the University of Michigan. He is the author of "The Genesis of Georges Sorel, The Myth of the Ruling Class, The Fall of the Republic: Military Revolt in France," and edited "Makers of Modern Social Science: Pareto and Mosca."

The world is increasingly concerned with bridging the developmental gap between the developed and developing countries. With the establishment of a number of institutions for funding the projects including the World Bank, Asian Development Bank, and many other agencies, the need to develop mechanisms to assess economically viable projects is more important than ever. The Social-Cost Benefit Analysis (SCBA) is an important technique used in formulating, appraising, and evaluating projects. It is a facet of applied welfare economics which is increasingly being used to identify and assess public projects in both developing and developed countries. This volume presents a comprehensive view of cost-benefit analysis in its theoretical and applied dimensions. Both theory and case studies are presented. The theoretical setting for Cost-Benefit Analysis is established by the first five chapters-"Spatial General Equilibrium and Cost-Benefit Analysis," by David M. Newbery; "Optimum Growth Theory and Social Time Preference: A Computerized Mathematical Modeling Exercise to Choose a Social Discount Rate," by Sardar M. N. Islam; "A Theoretical Inquiry of the Axiomatic Consistency of Distributional Weights used in Cost-Benefit Analysis," by Giuseppe Munda; "The Output Gap: Measurement, Related Concepts, and Policy Implications," by Parameswar Nandakumar; and "A Methodological Comparison of Theoretical Approaches in Dichotomous Choice Contingent Valuation," by John C. Whitehead. This book will be useful as a reference text by professors and students in project appraisal classes and will be of equal value to analysts, planners, and interested general readers. K. Puttaswamaiah is the senior director, Planning Department, Government of Karnataka State, India. He has written or edited fourteen books. He is the founding editor of the Indian (now International) Journal of Applied Economics & Econometrics.