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The Rise of Cost–Benefit Rationality as Solution to a Political Problem of Distrust

In: Research in Law and Economics

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  • Theodore M. Porter

Abstract

Cost–benefit analysis in its modern form grew up within mid-twentieth-century public agencies such as the Army Corps of Engineers. It was at first a very practical program of economic quantification, practiced by engineers before it drew in economists, and its history is as much a story of bureaucratic technologies as of applied social science. It has aimed throughout at a kind of public rationality, but in a particular, highly impersonal form. The ideal of standardized rules of calculation is adapted to the constrained political situations which generated the demand for this kind of economic analysis.

Suggested Citation

  • Theodore M. Porter, 2007. "The Rise of Cost–Benefit Rationality as Solution to a Political Problem of Distrust," Research in Law and Economics, in: Research in Law and Economics, pages 337-344, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rlwezz:s0193-5895(07)23014-3
    DOI: 10.1016/S0193-5895(07)23014-3
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