From: RegBlog
Michael A. Livermore
Cost-benefit analysis, while embraced by both political parties over the course of the past three decades, is still feared by many progressives in the United States. But as environmental concerns have spread around the world, this tool is lighting a path in many developing countries toward a new generation of environmental policies to protect public health, climate stability, and natural resources. This new role for cost-benefit analysis challenges the sometimes stale and suffocating way in which discussions over cost-benefit analysis are often framed here at home.