ABSTRACT
Cost benefit analysis (CBA) and its ancillary practice of environmental valuation (EV) have been criticised, inter alia, on ethical, technical and practical-political grounds. The purpose of this chapter is to suggest some better and more appropriate decision-aiding institutions for use in public environmental policy. The basis of these suggestions is a criticism of the normative political theory underlying CBA and EV, and the description of a more appropriate theory of social choice.
