Now available from Waveland Press at a special low price, this highly regarded edition updates Gramlich's previous work with new material and real-world examples--including acid rain, minimum wages, public employment, matching grants, national defense, and so on--drawn from his Congressional Budget Office experience. It effectively shows how the logic of benefit-cost analysis can be applied to a wide range of policy measures and translates the technical debates of economists. Titles of related interest also available from Waveland Chiang, Elements of Dynamic Organization (ISBN 9781577660965) and Field, Natural Resource An Introduction, Second Edition (ISBN 9781577665311).