Word: cost-benefit
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...administration, suggests that specific student concerns will never be as effective as group concerns. “Because Harvard is a corporation,” he says in an e-mail, “it has access to lawyers, accountants, and risk minimization officers. If a cursory cost-benefit analysis yields the result that it will be worth the University’s effort to respond to a given concern, then the University will probably respond...
...10—the class that teaches us not only how to be more selfish, but how to justify it. One of the first things that the Arbiter of Objectivity himself, Marty Feldstein, taught us was that, in every choice we make in life, we must make a cost-benefit analysis. We make hundreds of cost-benefit analyses every day, weighing options as small as sleeping in rather than making that 10 a.m. section to options as large as going to Wall Street rather than taking a lower-paying, but more fulfilling job. I’ve done the cost...
...assuming I forgo consulting or I-banking for a $20,000 job as an assistant to a filmmaker). I actually look at it as paying that $45,000 for the privilege not to spend 80 hours a week in a job I hate. This may be the easiest cost-benefit analysis I’ve ever made...
Let’s start with the economist’s method of choice, the cost-benefit analysis (thank you, Ec. 10). The benefits are fairly straightforward: music for free. From that alone, it’s clear that we need to determine the major costs of downloading music in order to justify our pulling the plug...
...really think it depends on the specifics and whether it passes the cost-benefit test,” Mankiw replied to one question about whether the construction of roads can be used to jump-start the economy...