Is Utilitarianism in terms of Cost Benefit Analysis Moral?
Is Utilitarianism in terms of Cost Benefit Analysis Moral? Cost Benefit analysis(CBA) is the simple process of comparing costs with benefits to see which outweighs the other. A method that has been in use since the beginning of time by the government, Private companies and agencies and even the members of households before making a simple investment. Cost Benefit analysis; So elementary and conclusive yet so accurate. Within a matter of minutes and calculations, the value of your deliberated action is in front of you. Then where does Utilitarianism come into the discussion? Cost benefit analysis is based on the principals of the Utilitarian moral theory as presented by Bentham. Utilitarianism is defined as finding balance of pleasure over pain or happiness over suffering. Its primary aim is to maximize the overall level of happiness. It is the most influential version of consequentialist moral theory i.e theories that locates morality in the consequences of an act. CBA goes hand in han...