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Cost Benefit Analysis And Its Uses
Beginning of Essay
CBA and Injustice, section 10.5. The use of cost benefit analysis as a tool to determine public policy has many shortcomings we would prefer to avoid. The topic of this section is the lack of justice inherent to CBA and comparing it to other types of measuring .... Middle of Essay
.... in this theory is that it is possible for the gainers to repay the losers, not that it is required. The problem with this theory is that a single person may gain a great amount and many others may loose a great amount as long as the result is a net gain.
CBA looks at the costs involved in the policy to determine if it is justifiable. This creates difficulties when we realize it creates a one vote per dollar scenario. This does not follow the ideas of democracy we seem to want to follow. When it becomes possible for people to buy the CBA justice cannot follow.
Unreliability: Shadow Prices and Discount Rates, 10.6. Another huge problem with CB ....
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Words: 720 - Pages: 3
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