TT18 Special Lecture

Venue:  Oxford Martin School, Seminar Room 1

Speaker: Professor Matthew Adler, Richard A. Horvitz Professor of Law and Professor of Economics, Philosophy and Public Policy, Duke Center for Law, Duke University.

Title:  Beyond Cost-Benefit Analysis

Abstract: 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.

Audio:  http://podcasts.ox.ac.uk/cost-benefit-analysis