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Lecture

PP224 Module 3 Notes.docx

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Department
Philosophy
Course Code
PP224
Professor
Byron Williston

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Description
Module 3 Notes Economics and Ecology Optimality  Not to eliminate, but to reduce to an “optimal” level Cost-Benefit Analysis  adding up and adding monetary value to both the costs and benefits Criticisms of CBA: 1. Accurate costing is extremely difficult because of the existence of ‘negative externalities’ 2. Economics is committed to ‘value monism,’ whereas we should e
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