Cost-benefit analysis is not scientific, because it requires interpersonal comparisons of well-being

Seminar paper from the year 2000 in the subject Economics - Micro-economics, grade: 1,7 (A-), Royal Holloway, University of London (Department of Economics), course: Public Economics, language: English, abstract: This essay is meant to give a brief overview of Cost-benefits-Analysis as part of public economics and should discuss especially the distribution of gains and losses caused by a public project. Economic methods of nearly exact estimation of particularly intangible, but also tangible elements and the examinations of market failures, which are intentionally left out.