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, ...

If you were to do a cost-benefit analysis of your lunch, it would be pretty difficult to do the calculation without the sandwich. But it appears that the US Environmental Protection Agency (EPA) is ...

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 ...