Economic Evaluation, Cost-Benefit Analysis, Economic Ethics

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The book explores the implications of cost-benefit analysis within economic decision-making, particularly regarding climate change as a key sustainability challenge. It critiques the normative underpinnings of this approach, arguing that its empirical basis is flawed and conflicts with liberal-democratic principles, such as universal ethical standards and freedom rights. Additionally, it highlights challenges in applying cost-benefit analysis effectively, especially in environmental legislation. While acknowledging its potential to inform ethical and legal decisions, the author views it as a limited, supplementary tool rather than a definitive solution.