This volume presents the most robust and useful methodology for the derivation of investment criteria for the evaluation and planning of public investment projects – public investment criteria. The methodological approach solves inherent defects of traditional methodology, namely an ad hoc...

The paradigm of laissez-faire economy presumes that economic agents know efficient loci for input-output combinations and rationally act in the market by following their subjective values. Economy is efficiently organized and given dynamic forces to grow at its own risk. As a result, the...