The Cost-Benefit Revolution Audiobook
The Cost-Benefit Revolution Audiobook
- Peter Marinker
- Whole Story Audiobooks
- 2019-11-21
- 11 h 21 min
Summary:
Why policies ought to be based on consideration of their costs and benefits instead of on intuition, popular opinion, interest groupings, and anecdotes. Opinions on government insurance policies vary widely. Some individuals experience passionately about the child obesity epidemic and support authorities regulation of sweet drinks. Others argue that people can drink and eat whatever they like. Some people are alarmed about weather change and favor aggressive government treatment. Others don’t about The Cost-Benefit Trend wish for virtually every sort of weather legislation. In The Cost-Benefit Revolution, Cass Sunstein argues our major disagreements actually involve facts, not really values. It comes after that government policy should not be based on general public opinion, intuitions, or pressure from curiosity organizations, but on numbers-meaning consideration of costs and benefits. Will a policy save one lifestyle, or 1000 lives? Will it impose costs on consumers, and if therefore, will the expenses end up being high or negligible? Will it hurt workers and smaller businesses, and, if so, precisely how very much? As the Obama administration’s ‘regulatory czar,’ Sunstein knows his subject matter in both theory and practice. Drawing on behavioral economics and his well-known emphasis on ‘nudging,’ he celebrates the cost-benefit revolution in policy producing, tracing its determining moments in the Reagan, Clinton, and Obama administrations (and pondering its uncertain future in the Trump administration). He acknowledges that general public officials often absence information about costs and benefits, and outlines state-of-the-art approaches for acquiring that information. Guidelines should make people’s lives better. Quantitative cost-benefit evaluation, Sunstein argues, is the greatest available way for causeing this to be happen-even if, in the foreseeable future, new steps of human well-being, also explored in this book, could be better still.