Because my courses focus on public policy, I often discuss benefit-cost analyses (BCA) in them. While little discussed in public, the central idea is simply to identify and include all the relevant benefits and costs of a decision, do our best to estimate their values, then choose the option that provides the greatest net benefits. Hardly a
Since the onset of the COVID-19 crisis, Americans have been told countless times that public policy was based on Science (with a capital S ) and that the public should just obey the scientists. But the accuracy of their predictions and the consequent appropriateness of policies seems to have been little better than Ask Dr. Science and the 0
Debido a que mis cursos se centran en las políticas públicas, a menudo discuto en ellos los análisis de costo-beneficio (BCA). Aunque poco discutido en público, la idea central es simplemente identificar e incluir todos los beneficios y costos relevantes de una decisión, hacer lo mejor para estimar sus valores, y luego elegir la opción que
Desde el inicio de la crisis del COVID-19, a los estadounidenses se les ha dicho innumerables veces que la política pública se basaba en la ciencia (con S mayúscula ) y que el público sólo debía obedecer a los científicos. Pero la exactitud de sus predicciones y la consecuente adecuación de las políticas parece haber sido poco mejor que «
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.