> In a reversal, the [EPA] plans to calculate only the cost to industry when setting pollution limits, and not the monetary value of saving human lives, documents show.
Industry is perfectly capable of calculating its own costs, and advocating for its own motivated self-interest, thank you very much. This is not a bug we need to fix.
The purpose of agencies like the EPA is to "see the [Pareto optimal] forest for the trees" and counterbalance industry's [Nash equilibrium] profit motive.
Otherwise let's just rename it the Shareholder Protection Agency, because that's all it would be.
Industry is perfectly capable of calculating its own costs, and advocating for its own motivated self-interest, thank you very much. This is not a bug we need to fix.
The purpose of agencies like the EPA is to "see the [Pareto optimal] forest for the trees" and counterbalance industry's [Nash equilibrium] profit motive.
Otherwise let's just rename it the Shareholder Protection Agency, because that's all it would be.