At 21:35 24-7-01 -0400, John Giorgis wrote:

>Thus, now that Jeroen (and apparently yourself as well) has accepted the
>*principle* of cost-benefit analysis (as in the above example), I am
>curious if he (and you) is still willing to argue that cost-benefit
>analyses are not generally applicable.

Um, John, I never argued that cost-benefit aren't generally applicable. 
However, with you I got the impression that you want to put an exact 
monetary value on everything -- IOW, I got the idea that for you a 
cost-benefit analysis is simply a calculation of positive and negative 
amounts of money.

That is why I said you can't base each and every decision on a cost-benefit 
analysis -- sometimes other, non-monetary values also play a part.


Jeroen

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