Philosophy of Business: Cost/Benefit Analysis. The following discussion will focus on problems with cost-benefit analysis in the context of natural resource policy and development. In order to achieve this goal certain fundamental premises must be outlined and accepted. The cost/benefit approach to natural resources holds that natural resources-from clean water to sub-surface minerals-are commodities that ultimately have a value. It also asserts that economic theories and principles can, therefore, be applied to decisions relating to the disposition of natural resources. As a consequence of these first two premises it does not accept any moral arguments: Notably those that assert that conservation is morally superior to extraction or development as costs and benefits cannot be quantified in this paradigm. 5 pgs. Bibliography lists 3 sources. Pages: 5 Bibliography: 3 source(s) listed Filename: 4193 Cost Benefit Analysis.doc Price: 44.75

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