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Cost-Benefit Analysis of Space Exploration: Some Ethical Considerations

Space Policy, vol. 25, no. 2, pages 75-80

12 Pages Posted: 11 Jul 2016  

Seth D. Baum

Global Catastrophic Risk Institute

Date Written: May 1, 2009

Abstract

Humanity faces many important decisions about space exploration. An important but controversial decision making paradigm is cost-benefit analysis (CBA). This paper discusses some ethical considerations in CBA that are important to decision making about space exploration, including: how we define costs and benefits; space exploration’s non-market value; the standing of future humans and of extraterrestrials; and the role of discounting in evaluating long-term space exploration projects.

Keywords: ethics, outer space, cost-benefit analysis

Suggested Citation

Baum, Seth D., Cost-Benefit Analysis of Space Exploration: Some Ethical Considerations (May 1, 2009). Space Policy, vol. 25, no. 2, pages 75-80. Available at SSRN: https://ssrn.com/abstract=2807387

Seth D. Baum (Contact Author)

Global Catastrophic Risk Institute ( email )

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