Neoclassical economics, institutional theory and democracy: CBA and its alternatives (Record no. 48759)

000 -LEADER
fixed length control field 01408pab a2200157 454500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 180718b2001 xxu||||| |||| 00| 0 eng d
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Soderbaum, Peter
245 ## - TITLE STATEMENT
Title Neoclassical economics, institutional theory and democracy: CBA and its alternatives
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2001
300 ## - PHYSICAL DESCRIPTION
Extent p.1846-854
362 ## - DATES OF PUBLICATION AND/OR SEQUENTIAL DESIGNATION
Dates of publication and/or sequential designation 26 May
520 ## - SUMMARY, ETC.
Summary, etc. Cost-benefit analysis (CBA) is a part of the neoclassical paradigm and is an example of the neoclassical ideology. But CBA is even more specific as an ideology. Proponents of the CBA approach insist that this tool can be used to evaluate alternatives in complex decision situations from the point of view of resource allocation. The CBA ideology is precise and ambitious with the promise of delivering what is best or an `optimal' solution for society as a whole. These strong claims by advocates of CBA is at the heart of many of the disputes concerning decision-making in areas such as energy systems, dam construction and road planning. CBA exemplifies a tradition in science generally where only that which can be expressed in quantitative terms counts and where the scientist or analyst should be able to point out the `best' alternative. Such a role for science and for the tools offered does not appear to go well with dominant ideas of democracy. - Reproduced
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Cost benefit analysis
773 ## - HOST ITEM ENTRY
Main entry heading Economic and Political Weekly
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-- 48759
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        Indian Institute of Public Administration Indian Institute of Public Administration 2018-07-19 Volume no: 36, Issue no: 21 AR49187 2018-07-19 2018-07-19 Articles

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