Cost-benefit analysis has become the dominant methodology for assessing governmental policy. It has given rise to a vast academic literature, and is now officially required as part of the policymaking process in a number of governments. But cost-benefit analysis is flawed. It lacks firm normative foundations and is biased toward the rich. In this talk, I describe and defend a better approach: the social welfare function.
Matthew Adler is Richard A. Horvitz Professor of Law and Professor of Economics, Philosophy and Public Policy at Duke University.
Booking required. Please book here.
Please note the timing has changed from when this was first posted. It is now 15.00-16.30.