Cost-benefit analysis and the logic of evaluation

CBA can be understood as a form of evaluative reasoning, demonstrating it belongs to the field of evaluation as much as it does to economics

I think about cost-benefit analysis (CBA) a bit differently from the way economic textbooks describe it. A foundational piece of theory in evaluation is the General Logic of Evaluation - and it turns out CBA can be understood as a way of implementing this logic.

The lo…