On Balance Leadership Spotlight: Introduction to Richard O. Zerbe Jr.
In honor of Dr. Richard O. Zerbe, the Society for Benefit-Cost Analysis is publishing a highlight series celebrating his remarkable contributions to the field. As a founding member and past president of the Society, Dr. Zerbe’s work has shaped benefit-cost analysis (BCA) by advancing its theoretical and ethical frameworks and championing its integration into public policy and decision-making. His efforts have also expanded BCA’s role in addressing today’s complex societal needs. His influence has inspired generations of scholars and practitioners to view BCA not just as a tool for economic outcomes but as a means of promoting equity, social justice, and sustainability.
Dr. Zerbe’s career has redefined BCA by embedding ethical principles into the heart of the analysis. He has emphasized incorporating moral considerations such as fairness and justice alongside efficiency, broadening BCA’s scope beyond traditional economic metrics. His multidisciplinary approach integrates insights from law, economics, and public affairs, promoting BCA’s application in areas such as environmental protection, health care, and social policy. Zerbe’s perspective ensures that BCA remains a relevant and adaptable tool for addressing complex societal challenges.
This tribute series highlights Dr. Zerbe’s transformative impact on BCA, his dedication to fostering a more inclusive and ethically grounded approach, and his lifelong commitment to advancing the public good. Through his pioneering work, he has empowered analysts and policymakers to develop informed, inclusive, and sustainable policies. Join us this November and December as we celebrate Dr. Zerbe’s legacy and the ways his vision continues to inspire benefit-cost analysis today.