The Moral Justification of Benefit/Cost Analysis

Economics and Philosophy 10 (02):169- (1994)
Abstract
Some have attempted to justify benefit/ cost analysis by appealing to a moral theory that appears to directly ground the technique. This approach is unsuccessful because the moral theory in question is wildly implausible and, even if it were correct, it would probably not endorse the unrestricted use of benefit/ cost analysis. Nevertheless, there is reason to think that a carefully restricted use of benefit/ cost analysis will be justifiable from a wide variety of plausible moral perspectives. From this, it is reasonable to conclude that such use of the technique is probably morally justified and should be acceptable to most people.
Keywords cost/benefit analysis
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