From: "William Dickens"
> Fred,
> You completely misunderstand my point. If a cost benefit analysis
> is presented it makes very clear what the assumptions are that lead to
> the policy conclusions.
Bill,
I don't think I completely misunderstood. I do apologize, however, as I
allow myself to
Fred,
You completely misunderstand my point. If a cost benefit analysis
is presented it makes very clear what the assumptions are that lead to
the policy conclusions. Thus any debate of the question is going to be
much better informed and much more closely focused on the issues that
matter. It
On Thu, 13 Feb 2003 15:52:43 -0500, "William Dickens"
<[EMAIL PROTECTED]> said:
> Any CBA is better than no CBA - - even a badly skewed one. Its the same
> argument for formalizing theory in economics. It makes clear what your
> assumptions and logic are and makes it easy to identify areas of
> agr
When you ask a gun owner if they use their gun to deter crime,
it seems respondents would realize their aggregated answers will be
used by those making policy arguments. This alone would seem to make
it difficult to evaluate any survey including that question.
Perhaps there is some way of accoun
Any CBA is better than no CBA - - even a badly skewed one. Its the same
argument for formalizing theory in economics. It makes clear what your
assumptions and logic are and makes it easy to identify areas of
agreement and disagreements between opponents on an issue. - - Bill
Dickens
>>> [EMAIL PRO
If I were teaching intermediate micro, I think I would begin by asking
students why they consume less of x when its price rises. Presumably
most would say that they would switch to other products. Then I would
ask them to consider a world with only ONE good. Obviously with only
one good, price d
please disregard the previous message, it was not written by me
Patrick McCann
One problem with applying CBA to policy formulation is ensuring
reliability and objectivity. Too often, CBA is
manipulated for predetermined policy positions. EPA once
produced a Regulatory Impact Analysis that contended that benefits
from the phaseout of CFCs are $8 trillion to $32 trilli
The income-compensated demand curve illustrates the change in quantity
demanded when relative prices change, holding real income constant. This
isolates the substitution effect and, I feel helps the students to
understand the difference between real and nominal income. The benefit is
admittedly s
Hi folks, hope some of you can help me.
My friend and colleague, Jan Oravec from Slovakia,
has received an Eisenhower Fellowship for a couple
months, end of March to end of May. These fellowships
allow bright young guys to network in the US.
He's the President of the F.A. Hayek Foundation
("N
In defense you can say
that almost all of the weapons related spending (Procurement and
RDT&E budget – almost half of the budget when you consider the spare
purchases) is accomplished having gone through some CBA in the process of
deciding the approach to develop, procure, and then maintai
Bill says the whole (too long) report is nonsense.
I mostly agree, BUT with a caveat.
If switching to petro Euros has no affect on foreign investment
into the US, then I'd agree the report is useless.
However, if the switch to Euros, or the war in Iraq, or
a feeling that US assets are overpriced,
>
> Bullshit or not?
>
> Assumption 1: There is a trade off between welfare state spending and
> military spending.
>
> Assumption 2: The more you spend on military, the more a gov't can project
> power abroad.
>
> Assumption 3: The Median European voter prefers more welfare state than
> Americ
>Does anyone know how often CBA is actually used in making
policy? What percent of the federal budget (or state or local) has been
determined by CBA?Cyril Morong
>
I'm sure it's used frequently. It's
probably applied something like this: "what's the minimum amount o
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