Cost-Benefit Analysis – LPE Project https://lpeproject.org The Law and Political Economy Project Wed, 16 Nov 2022 02:24:31 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://lpeproject.org/wp-content/uploads/2020/08/cropped-LPE_Favicon_512px_BlackBG-450x450.png Cost-Benefit Analysis – LPE Project https://lpeproject.org 32 32 The Shaky Legal and Policy Foundations of Cost-Benefit Orthodoxy in Environmental Law https://lpeproject.org/blog/the-shaky-legal-and-policy-foundations-of-cost-benefit-orthodoxy-in-environmental-law/ Tue, 19 Oct 2021 11:00:00 +0000 https://lpeproject.org/?p=6155 This post is part of a symposium on the future of cost-benefit analysis. Read the rest of the symposium here. In the actual work of crafting the regulatory safeguards that protect our environment and health, cost-benefit analysis has been largely ineffectual and irrelevant. Indeed, its ineffectiveness has been so profound as to prompt even its most ardent practitioners and proponents to question...

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]]> The “Value of a Statistical Life”: Reflections from the Pandemic https://lpeproject.org/blog/the-value-of-a-statistical-life-reflections-from-the-pandemic/ Mon, 18 Oct 2021 13:20:21 +0000 https://lpeproject.org/?p=6153 This post is part of a symposium on the future of cost-benefit analysis. Read the rest of the symposium here. In Spring 2020, many economists argued that the COVID-19 economic shutdowns were justified on Cost Benefit Analysis (CBA) grounds. It may initially seem difficult to justify lifesaving measures using a monetary calculus. If anything is beyond price, we might think, it must be the value of...

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]]> A Post-Neoliberal Regulatory Analysis for a Post-Neoliberal World https://lpeproject.org/blog/a-post-neoliberal-regulatory-analysis-for-a-post-neoliberal-world/ Thu, 14 Oct 2021 11:00:00 +0000 https://lpeproject.org/?p=6127 This post is part of a symposium on the future of cost-benefit analysis. Read the rest of the symposium here. Over the last 40 years, the U.S. regulatory system has played an increasingly influential role in redefining our political and economic relationships in fundamentally neoliberal terms. A key but often overlooked institutional force behind this development is the peculiar form of cost...

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]]> The Limits of the Cost-Benefit Worldview: A Disability-Informed Perspective https://lpeproject.org/blog/the-limits-of-the-cost-benefit-worldview-a-disability-informed-perspective/ Tue, 12 Oct 2021 11:00:00 +0000 https://lpeproject.org/?p=6113 This post is part of a symposium on the future of cost-benefit analysis. Read the rest of the symposium here. There is nothing to fear from cost-benefit analysis (CBA), its defenders argue. If it once represented a harsh decisional framework, with clear deregulatory effects, it has now taken a softer form. Under current executive orders, the projected benefits of a proposed regulation need not...

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]]> Modernizing Regulatory Review Beyond Cost-Benefit Analysis https://lpeproject.org/blog/modernizing-regulatory-review-beyond-cost-benefit-analysis/ Mon, 11 Oct 2021 11:00:00 +0000 https://lpeproject.org/?p=6111 This post is part of a symposium on the future of cost-benefit analysis. Read the rest of the symposium here. Cost-benefit analysis (CBA) is inherently classist, racist, and ableist. Since these are foundational problems with CBA, and are not simply issues with its implementation, they can never be fixed by mere methodological improvements. Instead, the ongoing modernization of centralized...

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]]> Let’s Politicize Cost-Benefit Analysis https://lpeproject.org/blog/lets-politicize-cost-benefit-analysis/ Tue, 05 Oct 2021 10:33:00 +0000 https://lpeproject.org/?p=6079 This post is part of a symposium on the future of cost-benefit analysis. Read the rest of the symposium here. Critiques of cost-benefit analysis appropriately take place on wonkish terrain. As other contributors to this symposium have demonstrated, when we attend to the technical details of CBA—its heavy discounting of the future, its difficulty effectively quantifying many kinds of benefit...

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]]> Equity in Regulatory Cost-Benefit Analysis https://lpeproject.org/blog/equity-in-regulatory-cost-benefit-analysis/ Mon, 04 Oct 2021 11:00:00 +0000 https://lpeproject.org/?p=6072 This post is part of a symposium on the future of cost-benefit analysis. Read the rest of the symposium here. US federal regulatory cost-benefit analysis has long focused on “efficiency.” Though longstanding language in executive orders nods in the direction of considering distributional impacts, the reality is that distributional concerns are missing in regulatory analysis.

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]]> Climate Change, Racial Justice, and Cost-Benefit Analysis https://lpeproject.org/blog/climate-change-racial-justice-and-cost-benefit-analysis/ Tue, 28 Sep 2021 11:15:00 +0000 https://lpeproject.org/?p=6040 This post is part of a symposium on the future of cost-benefit analysis. Read the rest of the symposium here. President Biden has made climate change and racial justice central themes of his presidency. No doubt with these problems in mind, he has signaled a desire to rethink the process and substance of White House review of agencies’ regulatory actions. On his very first day in office...

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]]> Cost-Benefit Analysis at a Crossroads: A Symposium on the Future of Quantitative Policy Evaluation https://lpeproject.org/blog/cost-benefit-analysis-at-a-crossroads-the-future-of-quantitative-policy-evaluation/ Mon, 27 Sep 2021 11:00:00 +0000 https://lpeproject.org/?p=6047 This is the introductory post to a symposium on the future of Cost-Benefit Analysis. Read the rest of the symposium here. Quantitative methods have an uneasy place in administration. They promise to bring rigor and objectivity to policy evaluation; however, their application has often accelerated predictable injustices, marginalization, and alienation. The Biden Administration...

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