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Many political scientists do use cost-benefit analysis. However, for others, there are theoretical, statistical, and philosophical limitations on the strength of cost-benefit analysis that cause them to prefer alternate methods.
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∙ 12y ago
Political science often deals with non-quantifiable factors like social values, historical context, and institutional dynamics that make it challenging to apply cost-benefit analysis directly. The nature of political decisions also involves multiple stakeholders with diverse interests, making it difficult to assign values uniformly. Additionally, political choices may prioritize ethical considerations and long-term implications over immediate economic gains.
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