Cost-benefit analysis: philosophical issues
2010 (English)In: The New Palgrave Dictionary of Economics Online, Palgrave Macmillan , 2010Chapter in book (Refereed)
Cost–benefit analysis (CBA) gives rise to a whole range of philosophical issues. The most discussed among these is the status of economic values that are assigned to assets conceived as incommensurable with money, such as a human life or the continued existence of an animal species. CBA also involves other contentious assumptions, for instance that a disadvantage affecting one person can be fully compensated for by an advantage affecting some other person. Another controversial issue is whether a CBA should cover all aspects in a decision or rather leave out certain issues (such as justice) so that they can instead be treated separately.
Place, publisher, year, edition, pages
Palgrave Macmillan , 2010.
IdentifiersURN: urn:nbn:se:kth:diva-86912OAI: oai:DiVA.org:kth-86912DiVA: diva2:501155
QC 201202172012-02-132012-02-132012-02-17Bibliographically approved