Lisa Heinzerling, Frank Ackerman, and Rachel Massey. Georgetown Law Journal. April 2010.
“Applying Cost-Benefit Analysis to Past Decisions: Was Environmental Protection Ever a Good Idea?” challenges the reigning dogma of cost-benefit analysis by asking two simple questions. “If this analytical device had been applied in the 1970s and earlier, would it have endorsed the early successes of health and environmental regulation? Or would it have resulted in negative judgments wherever and whenever it was applied?”