The Cost-Benefit Revolution
- Paperback
288 pages
- Release Date
24 September 2019
Summary
Why policies should be based on careful consideration of their costs and benefits rather than on intuition, popular opinion, interest groups, and anecdotes.Opinions on government policies vary widely. Some people feel passionately about the child obesity epidemic and support government regulation of sugary drinks. Others argue that people should be able to eat and drink whatever they like. Some people are alarmed about climate change and favor aggressive government intervention. Others don’t …
Book Details
| ISBN-13: | 9780262538015 |
|---|---|
| ISBN-10: | 0262538016 |
| Author: | Cass R. Sunstein |
| Publisher: | MIT Press Ltd |
| Imprint: | MIT Press |
| Format: | Paperback |
| Number of Pages: | 288 |
| Release Date: | 24 September 2019 |
| Weight: | 376g |
| Dimensions: | 229mm x 152mm x 17mm |
| Series: | The MIT Press |
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Critics Review
One 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 OnlineThe 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 Times[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
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, How Change Happens (both published by the MIT Press), Nudge- Improving Decisions about Health, Wealth, and Happiness (with Richard H. Thaler), and other books.
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