Retrospectives
Cost-Benefit Analysis and the Classical Creed
Bibliographic Data
| ID | 4029588 |
|---|---|
| Authors | J Persky (0000-0003-2183-9019, University of Illinois Chicago, corresponding author) |
| Year | 2001 |
| Volume | 15 |
| Issue | 4 |
| Pages | 199-208 |
| Publication date | 2001-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.15.4.199 |
| OpenAlex | W1605734338 |
| Language | EN |
| Citations received | 11 |
| References cited | 14 |
Cost-benefit analysis provides the dominant economic approach with whicheconomists talk to each other, to government bureaucrats and to the general laityabout the desirability of public programs and investment projects. Cost-benefitstudies have pushed economic thinking into public debates and, reciprocally, havebrought an uncommon level of public scrutiny to the technical deliberations ofeconomists.Precisely because cost-benefit analysis addresses serious real-world decisions,this widely used and frequently abused tool of applied economics has had a bumpyhistory. Last year, newspaper headlines across the country announced that aPentagon investigation had found systematic manipulation of net benefit estimatesat the Army Corps of Engineers (for example, Grunwald, 2000). The Corps hasbeen the political godfather of cost-benefit analysis in the United States, but ithas also long been suspected of an institutional bias in favor of projects that canadd significantly to its own budget allocations. Reflecting on the early record of
Big push model · Classical economics · Cost–benefit analysis · Creed · Developing country · Economic analysis · Economic growth · Economics · Newspaper · Political science · Politics · Public economics · Public fund · Public investment · Rent-seeking · Scrutiny · Decision-Making and Behavioral Economics · Law · Law, Economics, and Judicial Systems · Legal and Constitutional Studies · Finance
The Neoclassical Advent
Inequality snowballing
Efficiently Unequal
Cost‐benefit analysis
Cost–benefit analysis of landfill emergency securing
Cost–benefit analysis and ‘next best’ methods to evaluate the efficiency of social policies
The incompatibility of benefit–cost analysis with sustainability science
What is an appropriate welfare measure for efficiency of local public policies inducing migration
Landscapes of calculation
Money Talks
Distributed accountability
A Critique of Welfare Economics
A Note on Welfare Propositions in Economics
The General Welfare in Relation to Problems of Taxation and of Railway and Utility Rates
Welfare Propositions of Economics and Interpersonal Comparisons of Utility
Classics and Moderns
The Foundations of Welfare Economics
Essentials of Economic Theory as Applied to Modern Problems of Industry and Public Policy
Scope and Method of Economics
Multiple Purpose River Development
The Neoclassical Advent
An Essay on the Nature and Significance of Economic Science
| Unique citing works | 11 |
|---|---|
| Citations per year | 0,42 |
| Citation span | 2000 - 2025 (26) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 10 |