Institute for Policy Integrity logo


Dean Revesz Speaks at the European University Institute

  • June 20, 2012

On Wednesday, June 20, 2012, Dean Richard Revesz was the featured speaker of the Max Weber Lecture series at the European University Institute in Florence, Italy. Dean Revesz’s speech, titled “Three Stages in the Evolution of Cost-Benefit Analysis as a Tool to Evaluate Regulation,” discussed the shifts in evolution of cost-benefit analysis over the last thirty years. He also discussed how the economic crisis of 2008 has led the way to a third stage in which conservatives, who began to realize that cost-benefit analysis could justify stringent regulation, reframed the debate to one about jobs. Dean Revesz argued that, despite pleas to abandon the technique, cost-benefit analysis has proven robust, in part because it provides a common ground where all interests are given weight.