How Cost Benefit Analysis Can Better Protect the Environment and Our Health
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Retaking Rationality by Richard L. Revesz
Book DescriptionThat America's natural environment has been degraded and despoiled over the past 25 years is beyond dispute. Nor has there been any shortage of reasons why - short-sighted politicians, a society built on over-consumption, and the dramatic weakening of environmental regulations. In Retaking Rationality, Richard Revesz and Michael Livermore argue convincingly that one of the least understood-and most important-causes of our failure to protect the environment has been a misguided rejection of reason. The authors show that environmentalists, labor unions, and other progressive groups have declined to participate in the key governmental proceedings concerning the cost-benefit analysis of federal regulations. As a result of this vacuum, industry groups have captured cost-benefit analysis and used it to further their anti-regulatory ends. Beginning in 1981, the federal Office of Management and Budget and the federal courts have used cost-benefit analysis extensively to determine which environmental, health, and safety regulations are approved and which are sent back to the drawing board. The resulting imbalance in political participation has profoundly affected the nation's regulatory and legal landscape. But Revesz and Livermore contend that economic analysis of regulations is necessary and that it needn't conflict with-and can in fact support-a more compassionate approach to environmental policy. Indeed, they show that we cannot give up on rationality if we truly want to protect our natural environment. Retaking Rationality makes clear that by embracing and reforming cost-benefit analysis, and by joining reason and compassion, progressive groups can help enact strong environmental and public health regulation.
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Book DetailsISBN: 9780195368574
(242mm x 163mm x 16mm)
Imprint: Oxford University Press Inc
Publisher: Oxford University Press Inc
Publish Date: 17-Apr-2008
Country of Publication: United States
Books By Author Richard L. Revesz
Struggling for Air, Hardback (January 2016)
Struggling for Air offers the most comprehensive analysis to date of the Obama administration policies that have become known as the "war on coal." Unconventionally, the authors trace the origins of this "war" to a fateful decision made by Congress almost half a century ago, when it passed the Clean Air Act of 1970.
Globalization of Cost-Benefit Analysis in Environmental Policy, Hardback (February 2013)View all books by Richard L. Revesz
This book argues in favor of using cost-benefit analysis globally and examines the positive impact it can have in developing countries using relevant case studies. The book discusses the potential for cost-benefit analysis to provoke a global shift toward stronger and more effective economic policies.
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Author Biography - Richard L. Revesz
Richard Revesz is the Dean of NYU's Law School and the author of Foundations of Environmental Law and Policy (OUP, 1997); Environmental Law, the Economy, and Sustainable Development. He lives in New York. Michael Livermore is the Law Clerk to the Honorable Harry T. Edwards at the U.S. Court of Appeals for the D.C. Circuit.
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