Book excerpt: For the first time, a formal benefit-cost requirement plays an integral role in U.S. environmental policymaking, and in this volume, some of the nation's leading experts on environmental policy appraise the effects of President Reagan's Executive Order No. 12291. By considering how the Environmental Protection Agency has responded to 12291, these essays identify the limitations of conventional practices of benefit-cost analysis. Originally published in 1984. A UNC Press Enduring Edition -- UNC Press Enduring Editions use the latest in digital technology to make available again books from our distinguished backlist that were previously out of print. These editions are published unaltered from the original, and are presented in affordable paperback formats, bringing readers both historical and cultural value.