Bent Flyvbjerg on Megaprojects

Duration: 
1:04:17
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Date: 
Mon, 25 May 2015 06:30:00 EST

Bent Flyvbjerg of Oxford University speaks with EconTalk host Russ Roberts about the political economy of megaprojects--massive investments of a billion dollars or more in infrastructure or technology. Flyvbjerg argues that such projects consistently end up costing more with smaller benefits than projected and almost always end up with costs that exceed the benefits. Flyvbjerg explores the reasons for the poor predictions and poor performance of giant investment projects and what might be done to improve their effectiveness.

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Copyright 2006-2015 Library of Economics and Liberty & Liberty Fund, Inc.
Type of Learning Material: 
Audio-Podcast