The Economic Analysis of Public Policy

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Focusing on the intricacies of public policy decisions, this book emphasizes the need for in-depth knowledge beyond surface-level news and speeches. It explores critical issues such as traffic congestion, environmental concerns, and safety improvements through structured analysis. Offering a comprehensive introduction to benefit-cost analysis, efficiency economics, risk assessment, and present value concepts, it is accessible to readers with a basic understanding of mathematics and economics, making it a valuable resource for policymakers and students alike.