Part I – Scope an method 1. Introductory remarks 2. Cost-effective analysis 3. Proposals for weighting money valuations Part II – Basic concepts of benefits and costs 4. Measurements of consumer surplus 5. Consumer surplus when several process change 6. Consumer surplus when other things change 7. Introduction to the compensating variation 8. Measurements of rent 9. Is producer surplus a rent? Part III – Shadow prices and transfer payments 10. Introduction remarks 11. Opportunity cost of labour 12. Opportunity cost of unemployed labour 13. The additional benefits of using unemployed labour 14. The opportunity costs of imports 15. Transfer payments and double counting Part IV – External effects 16. Introduction to external effects 17. Adverse spillovers: the complacent view 18. Internalizing externalities 19. Evaluating spillovers 20. Compensating for environmental damage Part V – Investment criteria 21. Introduction to investment criteria 22. Crude investment criteria 23. The discounted present value criterion 24. The internal rate of return 25. The alleged superiority of the discounted present value criterion compared with the internal rate of return criterion 26. Investment criteria in an ideal capital market 27. Calculation of rates of return and of time preference 28. Critique of the discounted present value criterion (I) 29. Critique of the discounted present value criterion (II) 30. The normalized compounded terminal value criterion (I) 31. The normalized compounded terminal value criterion (II) 32. The Pareto criterion and generational time Part VI – Notes on particular goods 33. The value of time saved 34. Measuring benefits of recreational areas (I) 35 Measuring benefits of recreational areas (II) 36. The value of life Part VII – Uncertainty 37. Risk and certainty equivalence 38. Game theory and decision rules (I) 39. Game theory and decision rules (II) 40. How practical are game theory decision techniques? 41. Simple probability in decision making 42. Mixed strategies in decision making 43. Four additional strategems for coping with uncertainty Part VIII – Further notes 44. A summing up