Tags: Economist.

Burton A. Weisbrod (born February 13 1931 in Chicago Illinois) is an American economist who pioneered the theory of option value and also advanced methods for benefit-cost analysis of public policy by recognizing the roles of externality effects in program evaluation. He applied those methods to the fields of education health care poverty and nonprofit organization. Over a career of fifty years he published 16 books and over 200 scholarly articles.

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