Cost-Benefit Analysis: Definition, Justification, and Comment on Conference Papers

Posted: 24 Jan 2001

See all articles by Richard A. Posner

Richard A. Posner

University of Chicago Law School; National Bureau of Economic Research (NBER)

Abstract

In this comment on the conference papers, Judge Posner argues for a pragmatic construal and defense of cost-benefit analysis, demonstrating the benefit of such analysis; responding to specific criticisms of, and suggested changes in, the analysis; and emphasizing that the value of such analysis as an evaluative and decision tool for social and economic policy making does not depend on the resolution of philosophical problems.

Suggested Citation

Posner, Richard A., Cost-Benefit Analysis: Definition, Justification, and Comment on Conference Papers. Available at SSRN: https://ssrn.com/abstract=231105

Richard A. Posner (Contact Author)

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