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Two Cheers For Feasible Regulation: A Modest Response To Masur And Posner, David M. Driesen

David M Driesen

This response to Masur and Posner's "Against Feasibility" argues that the feasibility principle has normative and practical advantages over cost-benefit analysis. Normatively, it shows that the happiness literature's suggestion that jobs may be much more important than consumption to welfare supports the feasibility principle's emphasis on maximizing pollution reduction without producing widespread plant shutdowns. It shows that the practical problems Masur and Posner associate with feasibility analysis arise under cost-benefit analysis as well.