ABSTRACT
Much of the rigor and sophistication of present-day economic analysis of water resource development projects designed to serve multiple purposes can be attributed to the early work of John Krutilla and others in the 1950s and 1960s. John’s own major work in this area includes his book with Otto Eckstein, Multiple Purpose River Development: Studies in Applied Economic Analysis (Krutilla and Eckstein, 1958); the report to the Bureau of the Budget on Standards and Criteria for Formulating and Evaluating Federal Water Resources Development (Hufschmidt and coauthors, 1961); and the influential discussion of issues in benefit and cost measurement—Federal Natural Resources Development (Krutilla and coauthors, 1969).
