The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Project Evaluation

  • Partha Dasgupta
Reference work entry


For a private commercial entrepreneur choice among alternative investment projects involves in principle a rather simple exercise. If he knows his own objectives, which would seem a reasonable assumption, all he has to do is to ascertain which projects satisfy his objectives best. For example, he may be interested solely in commercial profits; in which case commercial profitability – adjusted possibly for risk – is his criterion of choice.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Partha Dasgupta
    • 1
  1. 1.