Abstract
Cost-Benefit Analysis (CBA) is typically portrayed as a technique for promoting efficiency in government. We don't deny that CBA can be used in this manner, but instead focus on a different property of CBA, namely, its evolution from scholarly musings into a framing institution within which budgetary processes operate. The evolution of CBA into institutional status, moreover, shows the value of bringing a polyarchical perspective to bear on fiscal organization, wherein budgetary outcomes emerge through structured interaction among participants. CBA is a product of interaction within a political ecology, as distinct from being the product of some person's optimizing choice.
Original language | English (US) |
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Pages (from-to) | 57-70 |
Number of pages | 14 |
Journal | Constitutional Political Economy |
Volume | 20 |
Issue number | 1 |
DOIs | |
State | Published - Mar 1 2009 |
Keywords
- Agenda setting
- Cost-benefit analysis
- Emergence of institutions
- Polycentrism
ASJC Scopus subject areas
- Sociology and Political Science
- Philosophy
- Economics and Econometrics
- Law