It is often argued that projects involving public good changes should be chosen on the basis of monetary valuation and cost-benefit analysis (CBA). In democratic project selection processes, however, decision-makers cannot generally interpret CBA as measuring projects' social welfare effects....

This work analyzes the contributions of L. Currie and A. O. Hirschman to development theories. We show that traditional approaches to the divergence between these authors have overlooked some common views in their development strategies. For both, the catalyst role played by the experts —...