SYMPOSIUM ON PROJECT APPRAISAL IN LESSER DEVELOPED COUNTRIES: NUFFIELD COLLEGE RESEARCH ON PROJECT ANALYSIS IN AGRICULTURE

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Abstract
This paper discusses the O.E.C.D. Manual of Industrial Project Analysis for Developing Countries by Professor Mirrlees and myself, and the extension to agriculture of its guidelines for project evaluation, a subject now being explored at Nuffield College. Since the principles of cost‐benefit analysis are very general, the question arises as to why it was restricted, in the O.E.C.D. Title at least, to developing countries and to industrial projects.

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