When:
June 5, 2018 @ 3:00 pm – 4:30 pm
2018-06-05T15:00:00+01:00
2018-06-05T16:30:00+01:00
Where:
Oxford Martin School, Seminar Room 1
Old Indian Institute Building
34 Broad St, Oxford OX1 3BD
UK
Old Indian Institute Building
34 Broad St, Oxford OX1 3BD
UK
Cost:
Free
Contact:
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.