Steven Kelman Quotes

3 Sourced Quotes

At the broadest and vaguest level, cost-benefit analysis may be regarded simply as systematic thinking about decision-making. Who can oppose, economists sometimes ask, efforts to think in a systematic way about the consequences of different courses of action? The alternative, it would appear, is unexamined decision-making. But defining cost-benefit analysis so simply leaves it with few implications for actual regulatory decisionmaking.

Steven Kelman

If both a legal rule and its opposite can be efficient because neither affected party can induce the other to waive the initially assigned rights, then either seems to be wealth maximizing.

Steven Kelman

As the field of organization studies has grown enormously over the last decades, the attention the field pays to public organizations and public policy problems has withered. This despite the fact that the public sector, as a percentage of GNP, is much larger now than it was when these classics were written.

Steven Kelman