At 02:51 PM 4/13/2005 -0700, Nick wrote: >It dawned on me the other day that as we've talked about the costs of war >lately, one cost that never was mentioned was all the cuts that are being made >in education, health care and so forth as a result of the financial cost of >the war. It's hard to see where those were figured into any equations for >justifying the war, since they tend to focus on what Iraq did wrong, rather >than the opportunity costs of spending a gazillion dollars prosecuting the >war.
I am sure that one reason for that, is that Economic Theory suggests that that is not proper foundation for cost-benefit-analysis. According to generally accepted economics, a government project should simply be considered based on whether or not its benefits exceed its costs. Whether or not another project has benefits that exceed its costs by a greater amount, doesn't really factor into the analysis. So, the question is, do the benefits exeed the costs? JDG _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
