Sunday, December 5, 2010

Selection33: At the shrine of our lady of Fatime: or why political questions are not all economic.

Humans have been making economical and political decisions about the environment.  We begin to encounter environmental problems only when some resource is efficient anymore. This approach to environmental policy is set at the level of the consumer. The distinction between consumer and citizen preferences has vexed the theory of public finance. The real question is if we may collectively attempt to get only the things we individually compete for and consume. The cost-benefit analysis vs regulation grows from political considerations rather than economical ones. Taking  a different approach into consideration, efficiency and safety. An efficiency criterion as it is applied to evaluate public policy, assuming that the goals of our society are contained in the preferences individuals reveal or would reveal in markets. This approach treats every singular as equal. The cost-benefit analyst does not ask economist how much they are willing to pay for what they think the workplace and the environment are made efficient. This approach treats people as of equal worth because it treats then as of no worth but only as places where willingness to pay is found. Therefore, the question that concerns whether cost-benefit analysis should play a significant role in policy making should not be made by cost benefit analysis. Moreover, the politician role is also more important to the individual than the consumer role.

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