Plans, projects and priorities - some critical comments
View
Download
Published
1964Author(s)/Corporate Author (s)
Adler, J. H.;United Nations. Economic Commission for Africa. African Institute for Economic Development and Planning(IDEP);
Metadata
Show full item recordAbstract
The paper reviews that the concept of priorities comes into its own in the case of public services which are not sold at market prices (or at prices reflecting appropriate shadow prices) because a quantification of their benefits is impossible. Attempts have been made to determine the benefits of expenditures for such public services as education, public health and medical care, but the economic calculus has obviously limited application to expenditures of this sort, particularly for an evaluation of specific projects (what size school? how many hospital beds? how much police protection?) as compared with an evaluation of aggregate outlays. Thus, some sort of priority rating, based on rules of thumb, political and social considerations, etc. must take the place of the yield test. The comments on planning and the role of projects and priorities in the planning process have ranged over so wide an area that it is next to impossible to pull them together into a meaningful summary.
Citation
“Adler, J. H.; United Nations. Economic Commission for Africa. African Institute for Economic Development and Planning(IDEP) (1964). Plans, projects and priorities - some critical comments. Dakar. © UN. IDEP. https://hdl.handle.net/10855/42807”Collections
- Economic Development [8013]