Beyond Cost-Benefit Analysis: A Pragmatic Reorientation
@article{Shapiro2008BeyondCA, title={Beyond Cost-Benefit Analysis: A Pragmatic Reorientation}, author={Sidney A. Shapiro and Christopher H. Schroeder}, journal={Wake Forest University School of Law Legal Studies Research Paper Series}, year={2008} }
The weaknesses of cost-benefit analysis (CBA) are apparent for all to see. The theoretical underpinnings of positivism and rational choice methodologies have been dealt a significant blow in the post-positivist literature in science, political science and policy studies. Likewise, the performance of CBA itself has been the subject of a significant and persuasive challenge in the legal literature. This article critiques specifically the current federal form of regulatory impact analysis (RIA…
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