Items related to The Cost-Benefit Revolution (The MIT Press)
Synopsis
Why policies should be based on careful consideration of their costs and benefits rather than on intuition, popular opinion, interest groups, and anecdotes.
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Review
The book makes three valuable contributions: it relates the history of cost-benefit analysis in US policymaking; it tackles the economist Friedrich Hayek's argument that technocrats simply don't know enough to weigh costs and benefits; and it makes a case that cost-benefit analysis could reduce political tribalism.
--Financial TimesOne of the very best Cass Sunstein books, the product of decades of reflection, remarkably well thought out on every page to an extent which is rare these days.
--Marginal RevolutionIn the excellent historical sections describing the (non-partisan) spread of CBA in US government, Sunstein gives some persuasive examples of how to use CBA well... It's worth the read for anyone interested in the role of reason in policy making.
--Diane Coyle, The Enlightened EconomistClear, well-argued....As Sunstein notes, cost-benefit models have become progressively less wrong and more useful over time, and will surely continue to improve. The cost-benefit revolution may be incomplete and its pace of progress uncertain, but it's far from over. ¡Viva la revolución!
--Forbes Online[Sunstein's] insights and conclusions are broadly applicable to wherever benefit-cost analysis is practiced...Sunstein thinks deeply, writes engagingly, and is often provocative...[The Cost-Benefit Revolution] is likely to lead to much interesting debate as well as to new developments in the field.
--Lisa A. Robinson, Society for Benefit-Cost AnalysisAbout the Author
Cass R. Sunstein, Robert Walmsley University Professor at Harvard Law School, was Administrator of the White House Office of Information and Regulatory Affairs in the Obama administration. He was the recipient of the 2018 Holberg Prize, one of the largest annual international research prizes awarded to scholars who have made outstanding contributions to research in the arts and humanities, social science, law, or theology. He is the author of The Cost-Benefit Revolution (MIT Press), Nudge: Improving Decisions about Health, Wealth, and Happiness (with Richard H. Thaler), and other books.
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- PublisherMIT Press
- Publication date2019
- ISBN 10 0262538016
- ISBN 13 9780262538015
- BindingPaperback
- LanguageEnglish
- Number of pages288
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