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In Defence of Cost Benefit Analysis
In this paper for "Agenda" (Volume 16, Number 4) Henry compares
cost-benefit analysis (CBA) to multi-criteria analysis (MCA). Henry
reviews the nature of the two approaches and considers the criticisms
that have been made of CBA. He concludes that these criticisms
largely lack merit, and that even to the extent to which they are
meritorious, they provide no justification for relying on MCA. He
concludes by expressing his concerns about the growing role of MCA in
Australian project appraisal, which is symptomatic of a broader move
away from sound policy evaluation.
- Click to download the attached file(s):
- In Defence of Cost-Benefit Analysis.pdf