Word: cost-benefit
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...done. After all, if they are not done, the public gets the wrong perception of the President, that he is behind the walls of the West Wing of the White House and he does not want to meet the people. But if you look at it from a cost-benefit ratio of time spent, he ought to be spending his time on the business that just keeps flowing in and out of the Oval Office...
Criticizing excessive planning and economic analysis in development strategies, the chairman of the panel, John W. Thomas, said "the cost-benefit analysis taught in courses at Harvard and other schools is often irrelevant when real-world implementation problems in developing countries are considered...
Janowitz: The cost-benefit analysis people have weakened the mystique that the military had as a special calling rather than just an ordinary job. We have pushed the heroic aspect of the military up against a wall...
...insistence that he would not appoint somebody who would damage the institute's ability to carry out its functions, Harberger would have done just that. Worse yet, they argue, Bok's letter, "Reflections on Academic Freedom," seems to contradict his earlier positions and split moral hairs. While arguing against cost-benefit analysis in the Harberger case, he argued for it in last spring's letters. In his "Reflection on Boycotts," Bok said that when universities refuse "to take collective stands or exert economic pressure, [they] are guided by a belief that any benefits to be achieved by such actions will...
...Reports TIME Tokyo Bureau Chief Edwin Reingold, who previously was stationed in Detroit: "Unlike the U.S. Congress and successive Administrations, the Japanese did not pick nice-sounding numbers out of the smog and set standards that nobody knew how to meet. Instead, they handled the emissions problem scientifically, taking cost-benefit ratios into account in order to leave the companies with enough capital to develop new products. The emissions standards and timetable were set in cooperation with the auto industry...