ECONOMIC PROBLEMS OF GROWING HARDWOODS IN GREAT BRITAIN—2. Non-Financial Costs and Benefits

1978 ◽  
Vol 3 (4) ◽  
pp. 257-263 ◽  
Author(s):  
Roy Lorrain-Smith
Author(s):  
Daniel Stedman Jones

This concluding chapter reviews how neoliberalism transformed British, American, and global politics. At the dawn of the twenty-first century, the triumph of the free market was almost universally accepted by mainstream politicians, public officials, and civil servants. More importantly, the distinctive neoliberal brand of free market individualism had prevailed over alternative forms of managed market-based capitalism. Transatlantic neoliberal politics successfully transformed the commonsense assumptions of policymakers in Great Britain and the United States when confronted with social and economic problems, especially in the years after Margaret Thatcher left office. Value for money is effectively delivered through the discipline of the market to satisfy consumer wants. An equilibrium is achieved through the price mechanism, guiding the activities of disparate sellers and producers.


10.1068/c0063 ◽  
2002 ◽  
Vol 20 (2) ◽  
pp. 251-262 ◽  
Author(s):  
Michael Chisholm

When the structure of local government in Great Britain was reorganised during the 1990s, considerable emphasis was placed by the government on the financial savings which would accrue to offset the costs incurred in making the changes. Previous work examined these expectations and found clear evidence that the ex ante estimates of transition costs given to the Westminster parliament were serious underestimates, and that the expected savings had not, at that time, materialised. This work was done at a time when it was known that some of the official data on transition costs would not be complete until after the close of the 2000/01 financial year. The author's primary purpose is to place on record what may be regarded as the final estimates of the transition costs in England, Scotland, and Wales. In addition, comparisons between the ex ante estimates of the costs of structural change and the ex post evidence concerning actual costs are updated. The discrepancy between these is such as to confirm the need for some form of independent scrutiny of new legislation at the time when it is being considered in parliament, to ensure that decisions are taken in the light of realistic assessments of the costs and benefits of proposed enactments.


2021 ◽  
Author(s):  
Thomas White ◽  
Silviu Octavian Petrovan ◽  
Hollie Booth ◽  
Roberto J Correa ◽  
Yasmine Gatt ◽  
...  

The need for conservation action to be cost-effective is widely accepted and this has prompted an increased interest and effort to assess effectiveness. Assessing financial costs of conservation is equally important, yet its measurement and assessment are repeatedly identified as lacking. The healthcare sector however, has made substantial progress in identifying and including costs in decision-making. Here, we consider what conservation can learn from this experience. We present a three-step framework for identifying and recording the relevant financial costs and benefits of conservation interventions where the user 1) describes the costing context, 2) determines which types of cost and benefit to include and 3) obtains values for these costs and benefits alongside metadata necessary for others to interpret the data. This framework is designed to help estimate economic costs, but can also be used flexibly to record direct costs of interventions (i.e. accounting costs), calculate financial benefits, and calculate cost effectiveness. Although recording cost data can be deceptively complex, this framework facilitates the improved recording of financial costs and benefits, and shows how this could enhance the assessment of cost-effectiveness across a broad range of conservation contexts.


Author(s):  
Kent Grayson ◽  
Eric Leiserson ◽  
Sachin Waikar

Fiserv, a pioneer in electronic payments, would like to increase the number of consumers who receive bills electronically. Currently, adoption is relatively low. To help guide their efforts, Fiserv managers have done extensive customer research and have segmented the market based on customer perceptions of e-billing. Students must recommend which segments to target and why. To support their recommendations, students must calculate the likely financial costs and benefits of adoption, estimate the likely returns for targeting different segments, and make targeting and positioning recommendations based on these calculations. Because Fiserv's direct customers are billers (such as utilities and credit card companies) and its end users are individual consumers, the case allows a focus on both B2B and B2C issues.This case gives students the opportunity to estimate the relative profitability of different segments and to make targeting and positioning recommendations based on these calculations. It highlights the importance of assessing segments based on both quantitative and qualitative considerations. It also emphasizes the potential difficulties associated with targeting multiple segments at once.


1947 ◽  
Vol 1 (1) ◽  
pp. 155-156

The Agreement formally establishing the Caribbean Commission was signed at Washington on October 20, 1946, by the United States, Great Britain, the Netherlands, and France. The Commission has as its purpose to strengthen cooperation among the signatory powers and their dependencies in the area “with a view toward improving the economic and social well-being of the peoples of the territory.” Together with its auxiliary bodies — the Caribbean Research Council and the West Indian Conference — the Caribbean Commission is an outgrowth of the Anglo-American Caribbean Commission, which was established in March, 1942. In December, 1945, France and the Netherlands accepted invitations to become members of the Commission, and on July 15, 1946, the present agreement was first initialed. The four-power body, like its predecessor the Anglo-American Commission, serves strictly in an advisory and consultative capacity, its main function being “to study, formulate and recommend … measures, programs, and policies with respect to social and economic problems, … make recommendations for the carrying into effect of all action necessary or desirable in this connection, [and to] … assist in coordinating local projects which have regional significance and to provide technical guidance.”


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