The origin of cost–benefit analysis: a comparative view of France and the United States

Abstract Background Cost–benefit analysis (CBA), as a common instrument in the decision making process on how to allocate financial resources, has been widely used in various research areas and in almost all of countries over the world. However, the origin and the historical development of CBA has l...

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Autores principales:	Wei Jiang, Rainer Marggraf
Formato:	article
Lenguaje:	EN
Publicado:	BMC 2021
Materias:	History Early development Cost–benefit analysis France United States Medicine (General) R5-920
Acceso en línea:	https://doaj.org/article/6d5b774e98dc4c559efb9baac7e381f6
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spelling	oai:doaj.org-article:6d5b774e98dc4c559efb9baac7e381f62021-11-21T12:30:45ZThe origin of cost–benefit analysis: a comparative view of France and the United States10.1186/s12962-021-00330-31478-7547https://doaj.org/article/6d5b774e98dc4c559efb9baac7e381f62021-11-01T00:00:00Zhttps://doi.org/10.1186/s12962-021-00330-3https://doaj.org/toc/1478-7547Abstract Background Cost–benefit analysis (CBA), as a common instrument in the decision making process on how to allocate financial resources, has been widely used in various research areas and in almost all of countries over the world. However, the origin and the historical development of CBA has long been subject to neglect. We attempt to fill this gap and clarify the origin and the early development of CBA. Methods A comparative analysis is used to investigate the origin and the early development of CBA in France and the USA. The comparison is focused on two questions: (1) which criteria should be applied to decide whether or not a project should be carried out, and (2) with which procedure these criteria can be used for real projects. Results The origin of CBA can be dated back to the work of Saint-Pierre in France in 1708. Dupuit introduces the concept of consumer’s surplus that founds the economic basis of CBA. These works are not taken seriously in France and do not draw attention from other countries. Hence, until the 1930s, the principle of CBA is newly proposed in the US and the Green Book marks the mature of CBA. Conclusions The early development of CBA in France and the US is independent from the aspects of historical background, personnel, approaches and standardization. This study could help researchers of various disciplines be sure about the history of CBA when they perform this analysis in their research areas.Wei JiangRainer MarggrafBMCarticleHistoryEarly developmentCost–benefit analysisFranceUnited StatesMedicine (General)R5-920ENCost Effectiveness and Resource Allocation, Vol 19, Iss 1, Pp 1-11 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	History Early development Cost–benefit analysis France United States Medicine (General) R5-920
spellingShingle	History Early development Cost–benefit analysis France United States Medicine (General) R5-920 Wei Jiang Rainer Marggraf The origin of cost–benefit analysis: a comparative view of France and the United States
description	Abstract Background Cost–benefit analysis (CBA), as a common instrument in the decision making process on how to allocate financial resources, has been widely used in various research areas and in almost all of countries over the world. However, the origin and the historical development of CBA has long been subject to neglect. We attempt to fill this gap and clarify the origin and the early development of CBA. Methods A comparative analysis is used to investigate the origin and the early development of CBA in France and the USA. The comparison is focused on two questions: (1) which criteria should be applied to decide whether or not a project should be carried out, and (2) with which procedure these criteria can be used for real projects. Results The origin of CBA can be dated back to the work of Saint-Pierre in France in 1708. Dupuit introduces the concept of consumer’s surplus that founds the economic basis of CBA. These works are not taken seriously in France and do not draw attention from other countries. Hence, until the 1930s, the principle of CBA is newly proposed in the US and the Green Book marks the mature of CBA. Conclusions The early development of CBA in France and the US is independent from the aspects of historical background, personnel, approaches and standardization. This study could help researchers of various disciplines be sure about the history of CBA when they perform this analysis in their research areas.
format	article
author	Wei Jiang Rainer Marggraf
author_facet	Wei Jiang Rainer Marggraf
author_sort	Wei Jiang
title	The origin of cost–benefit analysis: a comparative view of France and the United States
title_short	The origin of cost–benefit analysis: a comparative view of France and the United States
title_full	The origin of cost–benefit analysis: a comparative view of France and the United States
title_fullStr	The origin of cost–benefit analysis: a comparative view of France and the United States
title_full_unstemmed	The origin of cost–benefit analysis: a comparative view of France and the United States
title_sort	origin of cost–benefit analysis: a comparative view of france and the united states
publisher	BMC
publishDate	2021
url	https://doaj.org/article/6d5b774e98dc4c559efb9baac7e381f6
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The origin of cost–benefit analysis: a comparative view of France and the United States

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