Towards a green economics approach to cost-benefit analysis

Steve Mandel

International Journal of Green Economics, 2010, vol. 4, issue 4, 380-392

Abstract: Traditional cost-benefit analysis is based on a number of assumptions found in neo-classical economics. The paper argues that these assumptions could be considered to be deeply flawed. It suggests that these assumptions include a belief in perpetual growth and result in a particular bias against sustainability. This paper questions those assumptions and indicates what needs to be changed for CBA to become a useful tool for a green approach to policy-making.

Keywords: cost-benefit analysis; CBA; sustainability; green economics; social ROI; return on investment; SROI; well-being; discount rates; limits to growth; inter-generational equity; distributional equity; diminishing marginal utility of consumption; sustainable development. (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijgrec:v:4:y:2010:i:4:p:380-392

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