Leon Meltzer Professor of Law
Adler Calculates Costs and Benefits of Law and Policy with Philosophic Mind-Set |
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In his new book, Matthew Adler suggests government
regulators think as much about human cost as economic efficiency
when making
decisions on everything
from natural
disasters to environmental
risks.
Adler, co-author of
New Foundations of
Cost-Benefit Analysis
(with University
of Chicago law professor
Eric Posner),
argues for consideration
of well-being
in policymaking. He
and Posner also expand
the definition of cost-benefit analysis by including moral
rights and equal treatment in the equation.
This new way of thinking represents a middle ground — it
is less rigid, more pragmatic and philosophically sophisticated
than current approaches, explains Adler, recently appointed
Leon Meltzer Professor of Law.
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