Towards a green economics approach to cost-benefit analysis Online publication date: Mon, 20-Dec-2010
by Steve Mandel
International Journal of Green Economics (IJGE), Vol. 4, No. 4, 2010
Abstract: Traditional cost-benefit analysis is based on a number of assumptions found in neo-classical economics. The paper argues that these assumptions could be considered to be deeply flawed. It suggests that these assumptions include a belief in perpetual growth and result in a particular bias against sustainability. This paper questions those assumptions and indicates what needs to be changed for CBA to become a useful tool for a green approach to policy-making.
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