Public Investment Criteria (Routledge Revivals) - 9781138830653

Taylor & Francis

Public Investment Criteria (Routledge Revivals)Benefit-Cost Analysis for Planned Economic Growth\nAuthor(s): Stephen A. Marglin\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138830653, 978-1138830653\nSynopsis\nThis 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 inv.