On Nov 13, 2007 12:49 PM, ken hanly <[EMAIL PROTECTED]> wrote: > If this is so how does one make the transition to > measurement of cost and benefits in monetary terms > that is the typical mode of analysis in applied cost > benefit analysis? Doesn't the measurement in monetary > units assume there is some interpersonal utility that > is measurable in these units?
Isn't it assumed that the market price of any item approximates its marginal utility? -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante.
