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New Foundations of Cost-Benefit Analysis (Hardcover) Loot Price: R1,190
Discovery Miles 11 900
You Save: R128 (10%)
New Foundations of Cost-Benefit Analysis (Hardcover): Matthew D. Adler, Eric A. Posner

New Foundations of Cost-Benefit Analysis (Hardcover)

Matthew D. Adler, Eric A. Posner

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List price R1,318 Loot Price R1,190 Discovery Miles 11 900 | Repayment Terms: R111 pm x 12* You Save R128 (10%)

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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 outweigh 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.

General

Imprint: Harvard University Press
Country of origin: United States
Release date: September 2006
First published: October 2007
Authors: Matthew D. Adler • Eric A. Posner
Dimensions: 235 x 156 x 23mm (L x W x T)
Format: Hardcover - Cloth over boards / With printed dust jacket
Pages: 256
ISBN-13: 978-0-674-02279-9
Categories: Books > Social sciences > Politics & government
Books > Business & Economics > Economics
Books > Business & Economics > Finance & accounting
Books > Social sciences > Politics & government > Public administration
Books > Business & Economics > Economics > General
Books > Business & Economics > Finance & accounting > Finance
Books > Business & Economics > Finance & accounting > Finance > Public finance
Books > Business & Economics > Finance & accounting > Finance > Public finance > General
Books > Money & Finance > Public finance
Books > Money & Finance > Public finance > General
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LSN: 0-674-02279-3
Barcode: 9780674022799

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