Now available from Waveland Press at a special low price, this highly regarded edition updates Gramlich's previous work with new material and real-world examples--including acid rain, minimum wages, public employment, matching grants, national defense, and so on--drawn from his Congressional Budget Office experience. It effectively shows how the logic of benefit-cost analysis can be applied to a wide range of policy measures and translates the technical debates of economists.
Titles of related interest also available from Waveland Press: Chiang, Elements of Dynamic Organization (ISBN 9781577660965) and Field, Natural Resource Economics: An Introduction, Second Edition (ISBN 9781577665311).
Edward M. Gramlich
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Great price, and excellent conditions!
Needed this book for a class. Amazon's prices are better than many other online stores.
This is a basic and clear guide to the practices of CBA. It explains the fundamentals of how CBA should be applied and provides concrete examples of the methods. The author has a good grasp of how to explain concepts such as compensating and equivalent variation.
The book is a little dated in that the current controversies about the legal and ethical foundations of CBA are not well addressed. Therfore, while is serves as a strong text at the undergraduate level, instructors will want to augment the treatment with readings from the current literature such as the works of Adler and Posner.
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