So, should we use cost benefit analysis when trying to work out what to do about matters environmental?
You know, reduce everything to numbers, to filthy lucre, before we decide exactly what we should do?
Some say no. This is a pretty impressive list of economists who say we should:
Arrow, Kenneth J., Baumol, William J., Bhagwati, Jagdish, Boskin, Michael J., Crandall, Robert W., Cropper, Maureen L., Greenstone, Michael, Hahn, Robert W., Harrison, David, Hubbard, R. Glenn, Kahn, Alfred E., Litan, Robert E., Macavoy, Paul W., Miller, James C., Nichols, Albert L., Niskanen, William A., Noll, Roger G., Oates, Wallace E., Passell, Peter, Peltzman, Sam, Portney, Paul R., Rosen, Harvey S., Russell, Milton, Schelling, Thomas C., Schmalensee, Richard, Schultze, Charles L., Smith, V. Kerry Kerry, Smith, Vernon L., Stavins, Robert N., Viscusi, W. Kip, White, Lawrence J. and Zeckhauser, Richard J.,Clean.
I count (purely by eyeballing, could well be wrong) some six Nobel Laureates there.
So, who have the other side got?