Chapter 12
Measurement of Net Benefit
Introduction
Methods of Measurement
Problem of Measurement
Attempts to Alleviate Problems
Conclusion
Though I speak with the tongues of men and of angels, and have not
charity, I am become as sounding brass, or a tinkling cymbal. And though I
have the gift of prophecy, and understand all mysteries, and all knowledge;
and though I have all faith, so that I could remove mountains, and have not
charity, I am nothing. And though I bestow all my goods to feed the poor,
and though I give my body to be burned, and have not charity, it profiteth
me nothing. Charity suffereth long, and is kind; charity envieth not; charity
vaunteth not itself, is not puffed up, Doth not behave itself unseemly, seeketh
not her own, is not easily provoked, thinketh no evil; Rejoiceth not in
iniquity, but rejoiceth in the truth; Beareth all things, believeth all things,
hopeth all things, endureth all things. Charity never faileth:
but whether
there be prophecies, they shall fail; whether there be tongues, they shall
cease; whether there be knowledge, it shall vanish away. For we know in
part, and we prophesy in part. But when that which is perfect is come, then
that which is in part shall be done away. When I was a child, I spake as a
child, I understood as a child, I thought as a child: but when I became a
man, I put away childish things. For now we see through a glass, darkly;
but then face to face: now I know in part; but then shall I know even as also
I am known. And now abideth faith, hope, charity, these three; but the
greatest of these is charity.
369
Introduction
Let us restate the basic propositions about policy and net benefit. Policy is
based on the net benefit rule. In simple form, policy entails seeking the best
option. This consists of
the outcome that yields the highest net benefit.
370
While the conventional use of net benefit confines it to benefits and costs that
can be expressed in money’s worth, this analysis includes any type of benefits
___________________
369
St Paul 1 Corinthians 13
370
Faulkes (1985), See also Sunstein (1994) and Mitchell (1990).
 |
 |
 |