Toward a Theory of Social Goals and Objective Formation in Cost-Benefit Analysis

Abstract

In this chapter we shall discuss dimensions of social goals and objectives in cost-benefit analysis, project studies and social decisions. These dimensions may be related to national aspirations and interests. As such we shall examine how national or collective goals may be formed to reflect democratic ideals in the decision space. In other words, we want to advance a theory of social objective formation. The essential objective of the theory is to investigate how cost-benefit analysis may be developed to support an increasing chance of realizing the collective or social goals. This approach may also be extended into analysis of objectives of automatic mechanical systems that are constructed for self-adjustments.KeywordsSocial ChoiceNational InterestSocial GoalFuzzy DecisionSocial ObjectiveThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.