Description: Further DetailsTitle: New Foundations of Cost-Benefit AnalysisCondition: NewEAN: 9780674022799ISBN: 9780674022799Publisher: Harvard University PressFormat: HardbackRelease Date: 10/01/2007Item Height: 235mmItem Length: 156mmAuthor: Matthew D. Adler, Eric PosnerLanguage: EnglishISBN-10: 0674022793Description: 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.Country/Region of Manufacture: USGenre: Business & FinanceTopic: Law & PoliticsRelease Year: 2007 Missing Information?Please contact us if any details are missing and where possible we will add the information to our listing.
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Book Title: New Foundations of Cost-Benefit Analysis
Title: New Foundations of Cost-Benefit Analysis
EAN: 9780674022799
ISBN: 9780674022799
Release Date: 10/01/2007
Release Year: 2007
ISBN-10: 0674022793
Country/Region of Manufacture: US
Genre: Business & Finance
Topic: Law & Politics
Number of Pages: 256 Pages
Publication Name: New Foundations of Cost-Benefit Analysis
Language: English
Publisher: Harvard University Press
Item Height: 0.8 in
Publication Year: 2006
Subject: Economic History, Public Affairs & Administration, Decision-Making & Problem Solving, Accounting / Managerial, Economics / Theory, Economics / Comparative
Type: Textbook
Item Weight: 18.4 Oz
Item Length: 9.2 in
Subject Area: Political Science, Education, Business & Economics
Author: Eric Posner, Matthew D. Adler
Item Width: 6.1 in
Format: Hardcover
