By David G. Davies
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Additional resources for The economic evaluation of projects: papers from a curriculum development workshop
It constitutes the basics of the profession. It is not a question of abandoning cost-benefit analysis. Rather, it is a question of applying cost-benefit analysis to cost-benefit analysis and being prepared to use other analytical tools and the insights of other disciplines to ensure improved development effect of policy and project interventions. The world of development has changed. More than ever, its practitioners today must be well versed in the basics of cost-benefit analysis. But they must understand its limitations as well as its potential.
1982. Economic Analysis of Agricultural Projects, 2nd ed. Baltimore, Maryland: The Johns Hopkins University Press. Hahn, F. , and R. C. O. Mathews. 1964. " Economic Journal 74, (December): 779-902. Harberger, Arnold. 1971. " Journal of Economic Literature 9(3). 1972. " In Collected Papers. London: MacMillan. 1985. " In Pioneers in Development, Second Series. : World Bank. Helmers, F. Leslie C. H. 1979. Project Planning and Income Distribution. London: Martinus Nijhoff. Lewis, W. Arthur. 1954.
Perhaps the most Page 7 important points, however, were made in Bruton's paper relating to the need to evaluate projects in their macroeconomic contexts. Bruton's proposed curriculum seemed to represent a satisfactory compromise between the opposing arguments on the breadth of the curriculum. The papers and arguments by Picciotto and Ward support Bruton's curriculum, and are themselves upheld by Squire. In terms of pedagogy, the participants generally agreed on the following additional points with respect to teaching the narrower aspects of project evaluation: · The center of learning should be the computer laboratory, not the lecture hall.