Time for an Attribution Commission? March 17, 2009
Posted by Paul Duignan in : Accountability, Attribution, Economic analysis, Outcomes theory & politics, Outcomes theory & the news , 1 comment so farA blog posting by Dean Baker (he is one of the few economists who accurately predicted the housing collapse) looks at the ‘comparative responsibility’ of Bush and Obama for the 2009 U.S. deficit in the face of some Republican claims that somehow it is Obama’s fault. He argues that most of it is the legacy of Bush. Whenever an administration changes you get endless debate as to who is responsible for what. In fact much of political discourse is about attribution and accountability, where attribution is about attempting to demonstrate that an agent caused something to happen and accountability is whether they should be punished or rewarded for what has happened. (See the article here for more on attribution and accountability within outcomes theory). (more…)
Castles of sand – cost benefit modeling September 30, 2007
Posted by Paul Duignan in : Easy Outcomes, Economic analysis, Outcomes models, Systematic Outcomes Analysis , 1 comment so far
A while ago I came across a report of a cost-benefit analysis on climate change in which the author of the analysis admitted that his model may come in for some heavy criticism because it didn’t include any cost for sea level rises. How cruel and heartless of his critics. I don’t know who paid for this particular report or why it was done, so I don’t want to comment on it at all. However cost benefit analyzes which leave out or minimize important costs are a well used weapon in the lobbyist’s armory. Policy makers, the media and the public only have time to catch the bottom line – the cost will be this or that much and then move on. (more…)