Political Quotes

David Cay Johnston: “Under the definition of benefits, we have already included the quantifiable benefits. That is put into your cost-benefit…”

On the recordJuly 11, 1995
Under the definition of benefits, we have already included the quantifiable benefits. That is put into your cost-benefit ratio. This says that this is a little extra that you are able to add. If you are not able to quantify the value of life, which by its nature is nonquantifiable, or the value of clean air, then you can add that on and have a more costly alternative. That is exactly and precisely to deal with the problem that my friend from Illinois so eloquently described, which is the kid with asthma, the people with safety belts, and all that. It is nonquantifiable. It is human life. You do not put a dollar value on human life or on the value of clean air. I urge my colleagues to go back and read on page 36 those words. I think it covers this like a hand in a glove.
Said by
David Cay Johnston
West Virginia
Source
govinfo.gov

Editor's note · Context

Discussing the importance of nonquantifiable benefits in cost-benefit analysis.

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