Slate Money
Twelve Ways to Help Fix the World
Aug 26, 2023
Author and academic Bjorn Lomborg joins Slate Money hosts Felix, Emily, and Elizabeth to discuss his book 'Best Things First'. They explore cost-effective solutions to achieve Sustainable Development Goals, the significance of benefit-cost analysis, the impact of education spending, the role of individuals in making a difference, and the importance of strong governments in problem-solving.
49:32
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Quick takeaways
- Cost-benefit analysis provides a clear framework for decision-making when choosing interventions to make the world a better place.
- Using evidence and economic estimates can help identify cost-effective interventions with significant positive impact.
Deep dives
The Importance of Cost-Benefit Analysis
The podcast episode explores the concept of cost-benefit analysis as a way to determine the most effective ways to make the world a better place. The speaker emphasizes the need to focus on interventions that have a high impact at a low cost, rather than being swayed by emotions or popular causes. By quantifying the costs and benefits in dollars, the analysis provides a clear framework for decision-making.
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