How (Not) to Lie with Benefit-Cost Analysis

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https://www.degruyter.com/document/doi/10.1515/ev-2013-0012/html

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https://doi.org/10.1515/ev-2013-0012
 http://hdl.handle.net/11603/22361

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UMBC Economics Department
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https://orcid.org/0000-0001-7106-8924

Date

2013-11-22

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journal articles
preprints
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Citation of Original Publication

Farrow, 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

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Abstract

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.