The cost-benefit approach treats people as of equal worth because it treats them as of no worth, but only as places or channels at which willingness … - Mark Sagoff

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?

Kant recognized that values, like beliefs, are subjective states of mind which have an objective content as well. Therefore, both values and beliefs are either correct or mistaken. A value judgment is like an empirical or theoretical judgment in that it claims to be true not merely to be felt.

The distinction between consumer and citizen preferences has long vexed the theory of public finance. Should the public economy serve the same goals as the household economy? May it serve, instead, goals emerging from our association as citizens? The question asks if we may collectively strive for and achieve only those items we individually compete for and consume. Should we aspire, instead, to public goals we may legislate as a nation?