How (Not) to Lie with Benefit-Cost Analysis
MetadataShow full item record
Type of Work7 pages
Citation of Original PublicationFarrow, Scott; How (Not) to Lie with Benefit-Cost Analysis; The Economists’ Voice, 10, 1, pages 45-50, 22 November, 2013; https://doi.org/10.1515/ev-2013-0012
RightsThis item is likely protected under Title 17 of the U.S. Copyright Law. Unless on a Creative Commons license, for uses protected by Copyright Law, contact the copyright holder or the author.
Benefit-cost analysis is the applied side of welfare economics. Its broad use in support of public decisions draws both detractors and defenders. This tongue-in-cheek piece demonstrates that knowing how to lie provides insights into how not to lie; we assume the former is always accidental among economists and we hope it is so for others.