| Blog Review 649 |
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| Written by Netsmith | |
| Saturday, 05 July 2008 | |
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More on the unveiling of that statue (what do you mean "which statue"?). And more here and photos too! It's possible to be over-enamoured with Bob Geldof at times, then he comes up with a speech like this: Liberty is always dangerous, but it is the safest thing we have. On the subject of liberty: looks like the War on Drugs is still failing. The government running databases of the citizenry doesn't seem to work all that well either. Amartya Sen got his Nobel in part for pointing this out: famines often aren't about a shortage of food, they're about a shortage of purchasing power. Yes, we really do need to use cost benefit analysis in measuring matters environmental. And finally, protecting the American mud hut building industry.
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Comments (1)
... written by Dr Alister McFarquhar, July 06, 2008
Surprised ASI is supporting the use of a social planning device like CBA especially in view of links which explain the difficulties. The trouble is CBA removes a planning decision from the voting public and puts in the hands of experts. Many are intended to justify a decision already made and not all seem to count very well. The method involves arbitrary data adjustments and the process is not repeatable or transparent. The widely rubbished Stern assessment on Climate is a good example. See my http://www-pam.usc.edu/volume4/v4i1a3s1.html
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