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	Podcast:		Uehiro Centre for Practical Ethics
	Episode:		Cost-benefit analysis
	Category:		Technology
	Duration:		01:09:48
	Publish Date:		2018-06-11 08:23:39
	Description:		In this special lecture, Professor Matt Adler argues that social welfare function is a better methodology than cost-benefit analysis. Cost-benefit analysis has become the dominant methodology for assessing governmental policy. It has given rise to a vast academic literature, and is now officially required as part of the policymaking process in a number of governments. But cost-benefit analysis is flawed. It lacks firm normative foundations and is biased toward the rich. In this talk, I describe and defend a better approach: the social welfare function.
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