The Price Is Right

The Price Is Right illustration

HLS Professor Cass Sunstein ’78 argues that for all their differences, every president since Ronald Reagan has agreed on one fundamental principle of government. That is, “No action may be taken unless the benefits justify the costs.” Sunstein identifies President Reagan as the main architect of this concept, and he credits the president he served under, Barack Obama ’91, with cementing what he calls “the cost-benefit revolution,” which is also the title of Sunstein’s new book.