Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-hfldf Total loading time: 0 Render date: 2024-05-28T18:22:09.362Z Has data issue: false hasContentIssue false

Epilog

Published online by Cambridge University Press:  04 April 2011

Get access

Summary

The reader will note that I do not reach any final conclusion or provide a neat summary in this book. This choice is deliberate and is based on my belief that the subject cannot be summed up in any useful way. On the one hand, I find myself at this point somewhat overwhelmed by the sheer volume of material in the theory of public economics. Indeed, I am a little embarrassed when I realize how many subjects have been ignored or at best treated in a cursory manner in this book. On the other hand, I am somewhat discouraged at the prospect of doing the sort of good applied project analysis that I have tried to espouse. The kind of information necessary to evaluate demands for collective goods, correctly incorporate equity considerations, measure unemployment benefits, or compute risk discount factors is very difficult to come by even in the world of small projects much less the general framework of Part IV. To the extent that I set out to provide practical methods, I have promised more than I can deliver.

Although it seems unreasonable to expect operational cookbook recipes for project analysis anytime soon, there are important practical lessons to be learned from the modern theory surveyed here. In particular, this theory can help us identify faulty methods and decisions; partly for this reason, I spent a lot of time explaining what not to do and identifying biases that will result from incorrect procedures.

Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 1988

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

  • Epilog
  • David A. Starrett
  • Book: Foundations in Public Economics
  • Online publication: 04 April 2011
  • Chapter DOI: https://doi.org/10.1017/CBO9780511559556.020
Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

  • Epilog
  • David A. Starrett
  • Book: Foundations in Public Economics
  • Online publication: 04 April 2011
  • Chapter DOI: https://doi.org/10.1017/CBO9780511559556.020
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Epilog
  • David A. Starrett
  • Book: Foundations in Public Economics
  • Online publication: 04 April 2011
  • Chapter DOI: https://doi.org/10.1017/CBO9780511559556.020
Available formats
×