Call Boomerang Books 1300 36 33 32

Cost-benefit analysis (CBA) has been an important policy tool of government since the 1980s, when the Reagan administration ordered that all major new regulations be subjected to a rigorous test of whether their projected benefits would outweight their costs. Not surprisingly, CBA has been criticized by many who claim that it neglects, especially on the benefit side, important values that are hard to measure. In this book, the authors reconceptualize cost-benefit analysis, arguing that its objective should be overall well-being rather than economic efficiency. They show why the link between preferences and well-being is more complicated than economists have thought. Satisfying a person's preference for some outcome is welfare-enhancing only if he or she is self-interested and well-informed. Also, cost-benefit analysis is not a super-procedure but simply a way to identify welfare-maximizing policies. A separate kind of analysis is required to weigh rights and equal treatment. This book not only places cost-benefit analysis on a firmer theoretical foundation, but also has many practical implications for how government agencies should undertake cost-benefit studies.

Buy New Foundations of Cost-Benefit Analysis book by Matthew D. Adler from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780674022799
ISBN-10: 0674022793
Format: Hardback
(235mm x 155mm x 23mm)
Pages: 256
Imprint: Harvard University Press
Publisher: Harvard University Press
Publish Date: 29-Sep-2006
Country of Publication: United States

Reviews

» Have you read this book? We'd like to know what you think about it - write a review about New Foundations of Cost-Benefit Analysis book by Matthew D. Adler and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review


Author Biography - Matthew D. Adler

Matthew D. Adler is Professor of Law at the University of Pennsylvania. Eric A. Posner is Professor of Law at the University of Chicago and the author of Law and Social Norms (Harvard).

Books By Author Matthew D. Adler

Cost-benefit Analysis by Matthew D. Adler

Cost-benefit Analysis

Paperback, June 2001
$35.99