The design of benefit-cost architecture for homeland security policy analysis

Citation

Smith, V. K., & Mansfield, C. (2015). The design of benefit-cost architecture for homeland security policy analysis. In C. Mansfield, & V. K. Smith (Eds.), Benefit–Cost Analyses For Security Policies: Does Increased Safety Have to Reduce Efficiency? (pp. 26-62). Cheltenham, UK: Edward Elgar Publishing.

Abstract

Cass Sunstein (2010), the former Administrator of the US Office of Management and Budget's (OMB's) Office of Information and Regulatory Affairs during President Obama's first term, noted that the evaluation of new regulatory policies was especially important in times of acute economic distress. He concluded his remarks to the Administrative Law Review Conference at American University's Washington College of Law, noting that: Regulations must not be designed in a way that promotes, and does not undermine, the continuing recovery. A transparent accounting of consequences - of costs and benefits - is indispensable. If we look before we leap, with a commitment to openness, we are going to be finding unprecedented opportunities for improving and even extending people's lives. (pp. 23-24)