Article ID: | iaor1992601 |
Country: | United States |
Volume: | 3 |
Start Page Number: | 151 |
End Page Number: | 170 |
Publication Date: | Sep 1991 |
Journal: | Public Budgeting and Financial Management |
Authors: | Mustafa Husain |
Keywords: | economics, cost benefit analysis |
Most analytical techniques assign no weight to political factors even though they may have the strongest explanatory power of all variables considered. As they are generally practiced, these techniques have the extraordinary deficiency of obscuring the problem of conflict of multiple interests. It is assumed that incorporating political values and weights would destroy the essential objectivity of analysis. This argument ignores the fact that policy analysis must be made relevant to the political process and that this relevance can be achieved in a form which does not strip it of its potential value to the decision makers but may even enhance it.