Friday, May 07, 2010

Uwe Reinhardt on the assumptions of benefit-cost analysis

As part of a different post, Princeton economist Uwe Reinhardt posted a memo he uses as part of his classes that outlines some of the history and assumptions that lurk in welfare economics (aka benefit-cost analysis). I encourage you to check it out:

How We Economists Bastardized Benthamite Utilitarianism and Became Shills for the Wealthy.”

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