Legislative Calendar

Legislative Calendar
Author: United States. Congress. House. Committee on Government Reform
Publisher:
Total Pages: 600
Release: 1999
Genre:
ISBN:

Risk and Reason

Risk and Reason
Author: Cass R. Sunstein
Publisher: Cambridge University Press
Total Pages: 362
Release: 2002
Genre: Business & Economics
ISBN: 9780521016254

Publisher Description

The Cost-Benefit Revolution

The Cost-Benefit Revolution
Author: Cass R. Sunstein
Publisher: MIT Press
Total Pages: 286
Release: 2019-09-24
Genre: Political Science
ISBN: 0262538016

Why policies should be based on careful consideration of their costs and benefits rather than on intuition, popular opinion, interest groups, and anecdotes. Opinions on government policies vary widely. Some people feel passionately about the child obesity epidemic and support government regulation of sugary drinks. Others argue that people should be able to eat and drink whatever they like. Some people are alarmed about climate change and favor aggressive government intervention. Others don't feel the need for any sort of climate regulation. In The Cost-Benefit Revolution, Cass Sunstein argues our major disagreements really involve facts, not values. It follows that government policy should not be based on public opinion, intuitions, or pressure from interest groups, but on numbers—meaning careful consideration of costs and benefits. Will a policy save one life, or one thousand lives? Will it impose costs on consumers, and if so, will the costs be high or negligible? Will it hurt workers and small businesses, and, if so, precisely how much? As the Obama administration's “regulatory czar,” Sunstein knows his subject in both theory and practice. Drawing on behavioral economics and his well-known emphasis on “nudging,” he celebrates the cost-benefit revolution in policy making, tracing its defining moments in the Reagan, Clinton, and Obama administrations (and pondering its uncertain future in the Trump administration). He acknowledges that public officials often lack information about costs and benefits, and outlines state-of-the-art techniques for acquiring that information. Policies should make people's lives better. Quantitative cost-benefit analysis, Sunstein argues, is the best available method for making this happen—even if, in the future, new measures of human well-being, also explored in this book, may be better still.

Legislative Calendar

Legislative Calendar
Author: United States. Congress. House. Committee on Government Reform
Publisher:
Total Pages:
Release: 1999
Genre:
ISBN: