When it comes to making decisions, a business has a lot of considerations to take into account. The main strategy employed by businesses (and even individuals) to make decisions is cost benefit ...

The term “cost-benefit analysis” may sound complicated, but the idea is simple: it's a process of examining information to help you determine the likelihood that you’ll benefit from a business ...

In our last issue, Steven Kelman of Harvard’s Kennedy School of Government criticized cost-benefit analysis from the perspective not of economics but of ethical theory. He concluded that in health, ...

What is the true value of a policy project? For governments tasked with improving citizens’ lives while spending taxpayers’ money responsibly, this is no mere academic question. It lies at the heart ...

The coronavirus pandemic has forced governments to face excruciating trade-offs. Benefit-cost analysis is a standard framework for making policy trade-offs, and some have suggested that it be used to ...