Beyond Cost-Benefit Analysis | University of Oxford

Beyond Cost-Benefit Analysis

Speaker
Professor Matthew Adler
Event date
Event time
15:00 - 16:30
Venue
Oxford Martin School
34 Broad Street
Oxford
Oxfordshire
OX1 3BD
Venue details

Seminar Room 1

Event type
Lectures and seminars
Event cost
Free
Disabled access?
Yes
Booking required
Required

Cost-benefit analysis has become the dominant methodology for assessing governmental policy. It has given rise to a vast academic literature, and is now officially required as part of the policymaking process in a number of governments. But cost-benefit analysis is flawed. It lacks firm normative foundations and is biased toward the rich. In this talk, I describe and defend a better approach: the social welfare function.