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How (Not) to Lie with Benefit-Cost Analysis

Author

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  • Farrow Scott

    (UMBC – Economics, 1000 Hilltop Circle PUP 334 Baltimore, MD 21250, USA)

Abstract

Benefit-cost analysis is the applied side of welfare economics. Its broad use in support of public decisions draws both detractors and defenders. This tongue-in-cheek piece demonstrates that knowing how to lie provides insights into how not to lie; we assume the former is always accidental among economists and we hope it is so for others.

Suggested Citation

  • Farrow Scott, 2013. "How (Not) to Lie with Benefit-Cost Analysis," The Economists' Voice, De Gruyter, vol. 10(1), pages 45-50, December.
    • Handle: RePEc:bpj:evoice:v:10:y:2013:i:1:p:45-50:n:2
    DOI: 10.1515/ev-2013-0012
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    References listed on IDEAS

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    1. Scott Farrow & W. Kip Viscusi, 2013. "Towards principles and standards for the benefit–cost analysis of safety," Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 5, pages 172-193, Edward Elgar Publishing.
    2. Richard O. Zerbe & Tyler Blake Davis & Nancy Garland & Tyler Scott, 2013. "Conclusion: principles and standards for benefit–cost analysis," Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 11, pages 364-443, Edward Elgar Publishing.
    3. Scott O. Farrow & Richard Zerbe, Jr. (ed.), 2013. "Principles and Standards for Benefit–Cost Analysis," Books, Edward Elgar Publishing, number 15126.
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    Cited by:

    1. Cristian F. Sepulveda, 2022. "Cost-benefit Analysis of an 'Average' Professional Sports Team or Stadium in the United States," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper2210, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.

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    More about this item

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • H4 - Public Economics - - Publicly Provided Goods

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