Obama's executive order adds "human dignity" and "fairness" to the list of considerations.Photo: The White HouseThe recent Obama executive order on regulation encourages agencies to examine "values that are difficult or impossible to quantify, including equity, human dignity, fairness, and distributive impacts." This is a significantly positive element in a move that has been derided as an "unforced fumble" for its concession of rhetorical ground to industry. The Obama order, as has been noted, is one in a long line of executive orders requiring review of agency action using cost-benefit analysis. Initiated under Reagan, the process initially looked only at …
Get Grist in Your Inbox
Michael A. Livermore
Michael A. Livermore is the executive director of the Institute for Policy Integrity at New York University School of Law. He is the author, with Richard L. Revesz, of Retaking Rationality: How Cost-Benefit Analysis Can Better Protect the Environmental and Our Health.