New Foundations of Cost-Benefit Analysis by Eric A. Posner; Matthew D. AdlerCall Number: HD47.4 .A35 2006
ISBN: 0674022793
Publication Date: 2006-10-01
"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. "