PP Presentation
- Many argue that benefit/cost analysis is inappropriate to use as the single deciding policy factor in many circumstances.
- Using cost/benefit analysis as the single deciding factor in setting policy assumes implicitly that the value of all objects and states of affairs are commensurable, meaning that they can be ranked based on a single characteristic of value such as money.
- Yet issues of fairness, ethics, and spirituality may not be commensurable with monetized costs or benefits.