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Review
'Marvin Shaffer has a gift for describing complex situations succinctly, as well as extensive personal experience in the practicalities of benefit-cost analysis. This primer is strong, organized, and well written.' (Joseph P. Schwieterman, School of Public Service, DePaul University )
Product Description
Most commonly used in economic and public policy decisions, benefit-cost analysis traditionally attempts to calculate a bottom line by assigning monetary values to all factors associated with a proposed project or action. By contrast, multiple account benefit-cost analysis recognizes that all values are complex and that not all consequences can be expressed in monetary terms or incorporated into one summary measure of net benefit.
In this textbook, designed for practitioners as well as for intermediate or advanced students, Marvin Shaffer illustrates how the basic principles and concepts of a benefit-cost analysis can be applied in a multiple account framework, in the process developing a systematic approach to the evaluation of project and policy alternatives. Though retaining the basic principles of benefit-cost analysis, Shaffer focuses more on identifying the advantages and disadvantages of key project alternatives and assessing their necessary trade-offs in order to better inform public policy debates.
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Most helpful customer reviews
1 of 1 people found the following review helpful
5.0 out of 5 stars
A must-have for anyone interested in public policy,
This review is from: Multiple Account Benefit-Cost Analysis: A Practical Guide for the Systematic Evaluation of Project and Policy Alternatives (Paperback)
This is the most comprehensive guide to one of the most useful tools available to public policy practitioners. Whether you're a seasoned policy or project analyst looking to update your toolbox or a political science student searching for some way to get practical in your study of policy, this book is a must-have. All concepts, methods, and theories are explained clearly, and the trade-offs and limitations of various approaches are recognized and well-balanced. Also, each chapter ends with a case study to provide very useful context.
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