Word: cost-benefit
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...friend might be taking an extreme stance, but his opinion isn’t entirely without merit. When it comes to relationships, Harvard students are preoccupied with what’s in it for them. “I think everything in life is a cost-benefit analysis for Harvard students, especially relationships,” he said...
...Given the low probability of a liquid bombing and the difficulty of detecting a liquid explosive—it could be anything from Jello to a gel pen—banning liquids simply doesn’t pass a rational cost-benefit analysis...
...relaxed environmental restrictions, enabling companies to extract wood, oil, and minerals from our nation’s public lands at too great a cost. Although these companies will undoubtedly show great concern for their bottom line, it is unlikely that they will take much interest in the long-term future of our undeveloped land.Pinchot’s argument, at least in part, was couched in the language of economics, applying scientific principles and cost-benefit analysis to the management of America’s natural resources. Where an area of wilderness is rich enough in minerals or wood...
...time a new technology comes along, an implicit cost-benefit analysis gets made. The trouble with the current debate about Generation M is that we have a phalanx of experts lined up to measure the costs but only a vague, intuitive sense of the benefits...
...calculating the broader budgetary costs to the federal government of waging war in Iraq, Bilmes also added more elusive macroeconomic costs to the estimation. The loss of young Americans to the war and the increase in oil prices linked to the conflict both drag down the economy, according to the paper. In Bilmes’ moderate projection of the total economic cost, these factors bring the price tag of the war to $2.2 trillion. Bilmes says she began her analysis last spring, after some of her students asked her how much the war was costing America. Before the war, Lawrence...