Word: cost-benefit
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...skirted--probably because it is so painful. Nuclear fuel, like all power sources, poses some danger to the public. When we get a clearer picture of the true hazards of the atomic industry, we will be better equipped to evaluate the potential consequences. Nuclear power will have become a cost-benefit proposition, which will require us to question the relative importance of our cars, our appliances and our health. It will be a time of tremendous national introspection. Such self-inspection may mean a redefinition of national goals--an admittedly difficult task. But as The Washington Post wrote...
Often the newer agencies are headed by enthusiasts who see a mission to push new rules without regard to price. As a result, they have made little attempt to apply the most elementary cost-benefit analyses. Cheaper solutions that could achieve the same ends or almost the same ends have been ignored in favor of overkill. America has just not got value for money from its red-tape spending spree...
REGULATORY REFORM. Carter will probably propose a "regulatory calendar" that would require all federal agencies to list the regulations that they intend to impose on business during the year, the effective dates and a cost-benefit analysis of each. The idea is to avoid a pile-up of regulations that would subject business to inflationary cost increases...
Fight B.I.G., urges Weidenbaum. Demand cost-benefit studies for all of B.I.G.'s inflationary, efficiency-sapping, unfair policies. "We need economic impact statements," says Weidenbaum. "Before Uncle Sam lectures the private sector about holding down inflation, he badly needs to get his own house in order...
...area. For undergraduates, this can mean inconvenience and high expense, although security improvements have made parking at Harvard much safer. But it's something to think about before your bring that little sports car up to Cambridge, and that's exactly the way the University wants it. A little cost-benefit analysis is definitely in order...