Cost-benefit analysis treats dynamic policy processes as static snapshots

Evidence

Because costbenefi t analysis takes those preferences as its starting point for policy making, the methodology captures only a static picture of what is unavoidably a dynamic pro cess. — Douglas A. Kysar, Regulating from Nowhere, 311

Categorization

• XREF: The computational-equivalence-of-social-and-ecological-systems point connects to the polyad’s shared complexity-of-ecosystems thread and to Kysar’s earlier complex-adaptive-systems claims. — connects to: Cost-benefit analysis’s appearance of rationality masks its insensitivity to systemic, long-term context — Douglas A. Kysar, Regulating from Nowhere: Environmental…, 16; Cost-benefit analysis causes the very distortions it claims to prevent — Douglas A. Kysar, Regulating from Nowhere: Environmental…, 237; Cost-benefit analysis normalizes the status quo and caps law at incremental tinkering — Douglas A. Kysar, Regulating from Nowhere: Environmental…, 615 (+4 more)

Broader Connections

• Cost-benefit analysis normalizes the status quo and caps law at incremental tinkering #expands (0.85) — Douglas A. Kysar, Regulating from Nowhere, 615
• Classical d’ analysis fails in dynamic decision tasks where outcomes unfold over time #corroborates (0.75)
• Persistent practices are held in place by conditional preferences about social costs #expands (0.75) — , The Rod and the Child, 7322
• Transaction costs comprise negotiation, adaptation, and enforcement expenses that models ignore #expands (0.70)
• Investor-style valuation techniques now shape public policy with coercive force #qualifies (0.70) — Ève Chiapello, Financialisation of Valuation, 108