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Abstract

There is widespread agreement among economists that market prices, including exchange rates and interest rates, are not reliable measures of social costs and benefits.

Keywords

Market Price Income Distribution Foreign Exchange Public Investment Shadow Price 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Notes

  1. 1.
    Tinbergen, Jan, Design for Development (Washington: Economic Development Institute, IBRD, 1955);Google Scholar
  2. Little, I. M. D. and Mirrlees, J. A., ‘Project Appraisal and Planning for Developing Countries’ (Heinemann, 1974).Google Scholar

Copyright information

© Alec Cairncross and Mohinder Puri 1976

Authors and Affiliations

  • Alec Cairncross

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