On Thu, Jan 28, 2010 at 10:11 AM, Jim Devine <[email protected]> wrote: >> I am trying really hard to understand your point (and Michael's point), but >> I don't see anything other than criticism of specific analyses when they >> reach conclusions you don't like.< > > I guess my prose isn't good enough. I'll have to restate my opinion in > another way (some other time). But here's a summary: > > Cost/benefit analysis can be okay _in theory_ (when it provides new > information that citizens can use) but it almost always is bogus _in > practice_ (especially as practiced by orthodox economists).
Yes exactly! The key is to look at how cost-benefit analysis is actually used in practice and not the theoretical abstraction that is used to justify it. The theory sounds reasonable enough, but it is merely a cover for the ugly practice. -raghu. -- Egosexual: Being turned on reading Ayn Rand. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
