THE EFFICIENT ACHIEVEMENT OF RAPID TECHNOLOGICAL PROGRESS--A MAJOR NEW PROBLEM IN PUBLIC FINANCE

摘要

Success in achieving this objective depends on how well the characteristics of the underlying process -- the outputs, inputs, and their relationships — are understood. Understanding of these characteristics determines the decision makers grasp of the range of and limits on the meaningful strategies and actions open to him, and his ability to perceive the implications of choosing one or another. While in broad principal all constrained maximization problems have the same abstract form, the nature of the efficient strategies and relevant sub-decisions, and the criterion which should be used to choose among alternative courses of action, can differ sharply from case to case.