PHIL 2750 Lecture Notes - Lecture 14: Dollar Sign, Smog
1 Aug 2018
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Cost-beneit analysis: an ethical criique s. kelman. Adopt the policy that whatever has the largest net beneit, other things being equal o net beneit = costs beneits: ex: policy a: costs = 2, beneits = 6, net beneit = 4. Policy b: costs = 3, beneits = 12, net beneit = 9 go with policy b highest net beneit. Note: this may not necessarily make everyone beter of. While it may appear obvious, there are other ways to make decisions. Pareto eiciency is a tool economists use that is not a form of cost-beneit analysis lomoar cpsd| 987298. Point is, economists do not only use cost-beneit analysis. They use other forms too ex: pareto eiciency. Ordinary reasoning ( should i go to university ?) does not obviously take this form. We should not use cost-beneit analysis solely when we are talking about the environment (nussbaum and kelman)
