Cost-Benefit Analysis: An Ethical Critique

Year Published: 
2012

At the broadest and vaguest level, cost-benefit analysis may be regarded simply as systematic thinking about decision-making. Who can oppose, economists sometimes ask, efforts to think in a systematic way about the consequences of different courses of action? The alternative, it would appear, is unexamined decision-making. But defining cost-benefit analysis so simply leaves it with few implications for actual regulatory decision-making. Presumably, therefore, those who urge regulators to make greater use of the technique have a more extensive prescription in mind.

My Original Work: 
No
Author (not in Network): 
Steven Kelman
Type of Learning Material: 
Research Paper
Type of Scholarly Article: 
Research Paper
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