Philosophy of Business: Cost/Benefit Analysis

Paper Summary:

The following discussion will focus on problems with cost-benefit analysis in the context of natural resource policy and development. In order to achieve this goal certain fundamental premises must be outlined and accepted. The cost/benefit approach to natural resources holds that natural resources-from clean water to sub-surface minerals-are commodities that ultimately have a value. It also asserts that economic theories and principles can, therefore, be applied to decisions relating to the disposition of natural resources. As a consequence of these first two premises it does not accept any moral arguments: Notably those that assert that conservation is morally superior to extraction or development as costs and benefits cannot be quantified in this paradigm.

More papers on Philosophy of Business: Cost/Benefit Analysis:

• Analytical Essay # 69758 : "Cost Benefit Analysis"
• Article Review # 47142 : "Cost Benefit Analysis"
• Term Paper # 105563 : "Just-In-Time Inventory Systems"

APA Citation:

MLA Citation: