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Full-Text Articles in Law

Rethinking Cost-Benefit Analysis, Matthew D. Adler, Eric A. Posner Jan 1999

Rethinking Cost-Benefit Analysis, Matthew D. Adler, Eric A. Posner

Faculty Scholarship

This paper analyzes cost-benefit analysis from legal, economic, and philosophical perspectives. The traditional defense of cost-benefit analysis is that it maximizes a social welfare function that aggregates unweighted and unrestricted preferences. We follow many economists and philosophers who conclude that this defense is not persuasive. Cost-benefit analysis unavoidably depends on controversial distributive judgments; and the view that the government should maximize the satisfaction of unrestricted preferences is not plausible. However, we disagree with critics who argue that cost-benefit analysis produces morally irrelevant evaluations of projects and should be abandoned. On the contrary, cost-benefit analysis, suitably constrained, is consistent with a …


The Challenge Of Substance Abuse For Family Preservation Policy, Dorothy E. Roberts Jan 1999

The Challenge Of Substance Abuse For Family Preservation Policy, Dorothy E. Roberts

All Faculty Scholarship

No abstract provided.


Is There A Caring Crisis?, Amy L. Wax Jan 1999

Is There A Caring Crisis?, Amy L. Wax

All Faculty Scholarship

No abstract provided.