4min chapter

Uncommon Knowledge cover image

Doing “The Best Things First,” with Bjorn Lomborg | Uncommon Knowledge | Peter Robinson | Hoover Institution

Uncommon Knowledge

CHAPTER

Calculating Costs and Benefits in Economics for Specific Objectives

Exploring the challenges and methodologies of valuing costs and benefits in economics, particularly in assigning monetary values to intangible benefits like improving welfare and saving lives. The chapter delves into the complexities of evaluating economic, social, and environmental benefits based on governmental guidelines and individual risk evaluations.

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