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Environmental Values

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Environmental Values

The Emperor's Old Clothes:The Curious Comeback of Cost-benefit Analysis

John Adams

Environmental Values 2(1993): 247-260. doi: 10.3197/096327193776679873

Cost-benefit analysis is enjoying a resurgence. Despite its well documented failures in the past to cope with the environmental damage caused by major transport projects, and despite lack of progress in resolving the causes of these failures, Britain's Department of the Environment now proposes to apply it not just to projects, but to the formulation of policy. Curious.


KEYWORDS: Cost-benefit analysis, valuation, willingness to pay, willingness to accept

REFERENCES to other articles in Environmental Values:

Green Economics. David Pearce

CITATIONS in other Environmental Values articles:

Teleological Presuppositions, and the 'Expectation Gap': A Response to Laura Westra Peter Lucas



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