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Who could be against cost-benefit tests, for example?
Mr. Bush reversed course in October 2001, after determining that it met cost-benefit tests, and adopted the standard.
Governments should certainly cut taxes and fund initiatives that pass rigorous cost-benefit tests; but new spending programmes usually do not yield a significant or immediate economic boost.
His nomination as administrator of the Office of Information and Regulatory Affairs has thrilled industry lobbyists and others who see it as a sign that the new administration intends to give more weight to strict cost-benefit tests.
They are seeking to persuade the Fish and Wildlife Service to shrink the designation significantly, under the provision of the Endangered Species Act that allows the government to apply cost-benefit tests.
Finally, many regulators continue to require so-called "societal cost-benefit tests" to justify pet conservation and renewables projects that few unregulated firms would have ever willingly made.Are utilities therefore blameless and entitled to full recovery of these "stranded" costs?
In remarks to a Senate committee considering her for director of the Environmental Protection Agency, Governor Whitman also said all environmental regulations should be made subject to strict cost-benefit tests, and she vowed to "move beyond the command-and-control model" of protecting the environment.
Instead of accepting the doctrine that a global war against terrorists justifies almost any expansion of information-gathering, he said the entire U.S. intelligence enterprise should be subject to more public scrutiny and more stringent cost-benefit tests.
The question is whether the wall passes the cost-benefit test.
Safety seats are thus more likely to pass the cost-benefit test in cars than in planes.
But that argument flies in the face of the basic cost-benefit test that governs rational hiring decisions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com