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Towards a green economics approach to cost-benefit analysis

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  • Steve Mandel

Abstract

Traditional cost-benefit analysis is based on a number of assumptions found in neo-classical economics. The paper argues that these assumptions could be considered to be deeply flawed. It suggests that these assumptions include a belief in perpetual growth and result in a particular bias against sustainability. This paper questions those assumptions and indicates what needs to be changed for CBA to become a useful tool for a green approach to policy-making.

Suggested Citation

  • Steve Mandel, 2010. "Towards a green economics approach to cost-benefit analysis," International Journal of Green Economics, Inderscience Enterprises Ltd, vol. 4(4), pages 380-392.
    • Handle: RePEc:ids:ijgrec:v:4:y:2010:i:4:p:380-392
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    Cited by:

    1. Fiaschi, Daniele & Bandinelli, Romeo & Conti, Silvia, 2012. "A case study for energy issues of public buildings and utilities in a small municipality: Investigation of possible improvements and integration with renewables," Applied Energy, Elsevier, vol. 97(C), pages 101-114.

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