9780262038140-0262038145-The Cost-Benefit Revolution

The Cost-Benefit Revolution

ISBN-13: 9780262038140
ISBN-10: 0262038145
Author: Cass R. Sunstein
Publication date: 2018
Publisher: The MIT Press
Format: Hardcover 288 pages
FREE US shipping

Book details

ISBN-13: 9780262038140
ISBN-10: 0262038145
Author: Cass R. Sunstein
Publication date: 2018
Publisher: The MIT Press
Format: Hardcover 288 pages

Summary

The Cost-Benefit Revolution (ISBN-13: 9780262038140 and ISBN-10: 0262038145), written by authors Cass R. Sunstein, was published by The MIT Press in 2018. With an overall rating of 3.8 stars, it's a notable title among other Economic Policy & Development (Economics, Education & Reference, Government & Business, Processes & Infrastructure) books. You can easily purchase or rent The Cost-Benefit Revolution (Hardcover) from BooksRun, along with many other new and used Economic Policy & Development books and textbooks. And, if you're looking to sell your copy, our current buyback offer is $0.48.

Description

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 feel the need for any sort of climate regulation. In The Cost-Benefit Revolution, Cass Sunstein argues our major disagreements really involve facts, not values. It follows that government policy should not be based on public opinion, intuitions, or pressure from interest groups, but on numbers―meaning careful consideration of costs and benefits. Will a policy save one life, or one thousand lives? Will it impose costs on consumers, and if so, will the costs be high or negligible? Will it hurt workers and small businesses, and, if so, precisely how much?

As the Obama administration's “regulatory czar,” Sunstein knows his subject in both theory and practice. Drawing on behavioral economics and his well-known emphasis on “nudging,” he celebrates the cost-benefit revolution in policy making, tracing its defining moments in the Reagan, Clinton, and Obama administrations (and pondering its uncertain future in the Trump administration). He acknowledges that public officials often lack information about costs and benefits, and outlines state-of-the-art techniques for acquiring that information. Policies should make people's lives better. Quantitative cost-benefit analysis, Sunstein argues, is the best available method for making this happen―even if, in the future, new measures of human well-being, also explored in this book, may be better still.

Rate this book Rate this book

We would LOVE it if you could help us and other readers by reviewing the book