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Economists likewise argue that their role as policy-makers is legitimate because they are neutral among competing values in the client society. ... F… - Mark Sagoff
" "Economists likewise argue that their role as policy-makers is legitimate because they are neutral among competing values in the client society. ... Following the same line of reasoning, it should be possible to decide whether Creationism should be taught in the public schools, whether black and white people should be segregated, whether the death penalty should be enforced, and whether the square root of six is three. All of these questions arguably depend upon how much people are willing to pay for their subjective preferences or wants. This is the beauty of cost-benefit analysis: no matter how relevant or irrelevant, wise or stupid, informed or uninformed, responsible or silly, defensible or indefensible wants may be, the analyst is able to derive a policy from them-a policy which is legitimate because, in theory, it treats all of these preferences as equally valid and good.
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About Mark Sagoff
Mark Sagoff is Director of the Institute for Philosophy and Public Policy and Professor of Philosophy at George Mason University.
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The cost-benefit analyst does not ask economists how much they are willing to pay for what they believe, that is, that the workplace and the environment should be made efficient. Why, then, does the analyst ask workers, environmentalists, and others how much they are willing to pay for what they believe is right? Are economists the only ones who can back their ideas with reasons while the rest of us can only pay a price?
This essay concerns the economic decisions we make about the environment. It also concerns our political decisions about the environment. Some people have suggested that ideally these should be the same, that all environmental problems are problems in distribution. ... This approach to environmental policy is pitched entirely at the level of the consumer. It is his or her values that count, and the measure of these values is the individual's willingness to pay.
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We act as consumers to get what we want for ourselves. We act as citizens to achieve what we think is right or best for the community. The question arises, then, whether what we want for ourselves individually as consumers is consistent with the goals we would set for ourselves collectively as citizens. ... They are not.
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