Weighing the Costs and Benefits of Public Policy: On the Dangers of Single Metric Accounting

LSE Public Policy Review 2 (2) (2021)
  Copy   BIBTEX

Abstract

This article presents two related challenges to the idea that, to ensure policy evaluation is comprehensive, all costs and benefits should be aggregated into a single, equity-weighted wellbeing metric. The first is to point out how, even allowing for equity-weighting, the use of a single metric limits the extent to which we can take distributional concerns into account. The second challenge starts from the observation that in this and many other ways, aggregating diverse effects into a single metric of evaluation necessarily involves settling many moral questions that reasonable people disagree about. This raises serious questions as to what role such a method of policy evaluation can and should play in informing policy-making in liberal democracies. Ultimately, to ensure comprehensiveness of policy evaluation in a wider sense, namely, that all the diverse effects that reasonable people might think matter are kept score of, we need multiple metrics as inputs to public deliberation.

Links

PhilArchive

External links

Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Weighing Risks and Benefits.Sven Ove Hansson - 2004 - Topoi 23 (2):145-152.
Weighing the Costs and the Benefits of Regulation.Marshall B. Kapp - 1989 - Journal of Law, Medicine and Ethics 17 (1):94-96.
Weighing the Costs and the Benefits of Regulation.Marshall B. Kapp - 1989 - Journal of Law, Medicine and Ethics 17 (1):94-96.
Omitted Costs, Inflated Benefits: Renewable Energy Policy in Ontario.Glenn Fox & Parker Gallant - 2011 - Bulletin of Science, Technology and Society 31 (5):369-376.
Language as a Global Public Good.Isaac Taylor - 2014 - Res Publica 20 (4):377-394.

Analytics

Added to PP
2021-08-16

Downloads
279 (#69,679)

6 months
14 (#170,850)

Historical graph of downloads
How can I increase my downloads?

Author's Profile

Johanna Thoma
Universität Bayreuth

Citations of this work

No citations found.

Add more citations

References found in this work

No references found.

Add more references