Word: cost-benefit
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Robert Ross, president of the Extension School's student government, said yesterday the greater popularity of Extension courses "comes down to a question of cost-benefit analysis...
...myself, tried to assume the voice of dispassionate reason--the attitude engrained in students who have taken moral reasoning courses--but our arguments no doubt were perceived as left-liberal moralism--the sloppy idealism of youth. Some of the conservative members of the Committee know only the language of cost-benefit analysis. In their strictly utilitarian calculations secure profits often weighed equally with considerations of simple justice. Other conservative members favored casting the issue in terms of revolution versus gradual change. Debates on the ACSR, then, often became fruitless clashes between incompatible moral jargons...
Klitgaard recalls a seminar that he and several colleagues conducted in Mexico in the fall of 1980 which was a condensed version of the K-School's "Workshop" course on the fundamentals of management--memo writing and cost-benefit analysis. A Kennedy School professor was working from a case study on the cost and benefits of building a dam, and explaining how to weigh the cost of finding alternative accomodations for Indians in the proposed site against the benefits of the improved power the dam would provide. A Marxist member of the Mexican faculty broke in and criticized the technique...
Critics of the Administration, and even some officials in the regulatory agencies, complain that OMB has become a back channel for special interests trying to get relief from proposed or existing regulations. OMB was empowered by Reagan to apply a "cost-benefit" analysis to all federal rules. It has reviewed 119 regulations already on the books, killing or revising 76 of them and proposing changes in 27 more. Of 6,700 proposed new rules, it has revised or rejected about one in nine. Its review process can take months or years, effectively putting a brake on good as well...
...action represents more open-mindedness on the part of the EPA, which in the past has generally invited public discussion only after policy decisions have been made. Nonetheless, some environmentalists viewed the new approach as the kind of morbid cost-benefit analysis they have long opposed. Western Washington University Professor Ruth Weiner said that asking the community to determine what is best is "economic blackmail. People will vote for jobs and cancer." Warned Richard Ayres, head of the National Clean Air Coalition: "You're balancing money and lives, and they just don't balance...