The social cost of carbon (SCC) quantifies the economic damage associated with emitting a ton of carbon dioxide into the atmosphere. Regulatory impact analyses from U.S. federal agencies utilize the ...

In our last issue, Steven Kelman of Harvard’s Kennedy School of Government criticized cost-benefit analysis from the perspective not of economics but of ethical theory. He concluded that in health, ...

Under both the Donald Trump and Joe Biden administrations, the U.S. government has had a seemingly unquenchable thirst for national security regulations limiting investment, trade, and information ...

A large new global study of project performance over 86 years confirms that ingrained optimism bias results in forecast-based cost-benefit analyses "so misleading as to be worse than worthless," say ...

Under the Trump administration, the Securities and Exchange Commission is in the process of revamping its approach to the cost-benefit analysis it performs in support of its regulatory actions. These ...

The latest report from the United Nations’ Intergovernmental Panel on Climate Change is stark. U.N. Secretary-General António Guterres describes it as “an atlas of human suffering and a damning ...