Reforming Cost-Benefit Calculations

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Science  13 Jun 2008:
Vol. 320, Issue 5882, pp. 1423
DOI: 10.1126/science.1159664

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Retaking Rationality. How Cost-Benefit Analysis Can Better Protect the Environment and Our Health. By Richard L. Revesz and Michael A. Livermore. Oxford University Press, New York, 2008. 262 pp. $34.95, £18.99. ISBN 9780195368574.

The authors argue that despite the biased way cost-benefit analyses have been applied to environmental and health regulations, the approach can and should be used to further the public good.