How to Cheat with Cost-Benefit Analysis: Double Count the Benefits
4 hours agoGary Galles
Calculating "multiplier effects" is perhaps the most common method of cheating with benefit-cost analysis.
Original Article: "How to Cheat with Cost-Benefit Analysis: Double Count the Benefits"
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Gary M. Galles is a Professor of Economics at Pepperdine University and an adjunct scholar at the Ludwig von Mises Institute. He is also a research fellow at the Independent Institute, a member of the Foundation for Economic Education faculty network, and a member of the Heartland Institute Board of Policy Advisors.