From scholarly idea to budgetary institution: The emergence of cost-benefit analysis

Michael D. Makowsky; Richard E. Wagner

doi:10.1007/s10602-008-9051-7

From scholarly idea to budgetary institution: The emergence of cost-benefit analysis

Michael D. Makowsky, Richard E. Wagner

School of Medicine

Research output: Contribution to journal › Article › peer-review

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)
Pages (from-to)	57-70
Number of pages	14
Journal	Constitutional Political Economy
Volume	20
Issue number	1
DOIs	https://doi.org/10.1007/s10602-008-9051-7
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

Access to Document

10.1007/s10602-008-9051-7

Fingerprint Dive into the research topics of 'From scholarly idea to budgetary institution: The emergence of cost-benefit analysis'. Together they form a unique fingerprint.

Cite this

@article{b14ffbe622904a468a838163fe1639ad,

title = "From scholarly idea to budgetary institution: The emergence of cost-benefit analysis",

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.",

keywords = "Agenda setting, Cost-benefit analysis, Emergence of institutions, Polycentrism",

author = "Makowsky, {Michael D.} and Wagner, {Richard E.}",

year = "2009",

month = mar,

day = "1",

doi = "10.1007/s10602-008-9051-7",

language = "English (US)",

volume = "20",

pages = "57--70",

journal = "Constitutional Political Economy",

issn = "1043-4062",

publisher = "Springer New York",

number = "1",

}

TY - JOUR

T1 - From scholarly idea to budgetary institution

T2 - The emergence of cost-benefit analysis

AU - Makowsky, Michael D.

AU - Wagner, Richard E.

PY - 2009/3/1

Y1 - 2009/3/1

N2 - 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.

AB - 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.

KW - Agenda setting

KW - Cost-benefit analysis

KW - Emergence of institutions

KW - Polycentrism

UR - http://www.scopus.com/inward/record.url?scp=59449102970&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=59449102970&partnerID=8YFLogxK

U2 - 10.1007/s10602-008-9051-7

DO - 10.1007/s10602-008-9051-7

M3 - Article

AN - SCOPUS:59449102970

VL - 20

SP - 57

EP - 70

JO - Constitutional Political Economy

JF - Constitutional Political Economy

SN - 1043-4062

IS - 1

ER -