by Lisa Heinzerling
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Cost-benefit environmentalism: an oxymoron
Lisa Heinzerling responds to Richard Revesz on cost-benefit analysis 38
Posted 1 year, 6 months ago The efficient wastelandIn his essay, Richard Revesz argues in favor of a "cost-benefit environmentalism" that embraces economic analysis and "uses both reason and compassion to justify strong environmental rules." It is wonderful to have such a prominent fan of cost-benefit analysis explicitly embrace environmental values; this doesn't happen every day. The trouble is, however, that cost-benefit analysis is at odds with fundamental premises of environmentalism, and it's not particularly good at either reason or compassion.
Environmentalism has many subtleties and variations, but I think most environmentalists share certain core beliefs. They are convinced that the future matters --… Read More
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