By some accounts, New York Citys investment in the Cannonville dam project (the context of the above quote) was approximately $2.9 billion (1960 US$) higher than alternatives providing similar benefits. Unfortunately, mistakes like the Cannonville project happen all the time. In fact, nearly 50 years after Dr. DeHavens quote the application of economic principles and concepts in the water utility industry is still in a primitive state.
Trustpilot
1 week ago
1 month ago