Date of Award
Bachelor of Arts
Dr. James H. Hall
Just what is to be understood by the term "cost-benefit analysis" ("benefit-cost analysis")? The question itself arises from a curiosity into how government decisions (which affect all) are made. This paper gives an elementary discussion of constitutive parts, raising and responding to some initial criticisms. It seems fairly evident, unneedful of additional explanation or elaboration. The individual on the street would simply declare that it sounded like some rather ordinary decision-making process which involved the consideration of the costs and benefits incurred by the paths of action that might be selected. "Ordinary" means accessible to anyone and not the exclusive claim of the degreed economists or the governmental guardians; rather, common-sense listing, accounting, of the "pros and cons." This hypothetical individual has grasped the core of the matter but the peripheral understanding is mistaken.
Wong, Kathleen M., "A considertation of cost-benefit analysis in the context of public policy decision-making" (1988). Honors Theses. 754.