The Cost-Benefit Revolution by Cass R. Sunstein
Sunstein, a Harvard law professor, has served in several administrations, both Republican and Democratic. In this book, he exposits his experience in regulation to suggest more effective ways to do so. Instead of partisan pro-con analysis, he suggests to measure costs and benefits, an idea originally implemented by Reagan through the Office of Information and Regulatory Affairs (OIRA). This practice provides a pragmatic – Sunstein calls it “technocratic” – way of assessing which regulations are…