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...arantee that we have considered everything. In the real world, we must acknowledge that for any actual calculation we perform, there could be some cost or benefit or risk we have overlooked” (162). Schmidtz acknowledges that human decision makers cannot possibility account for every single external cost, but he does claim that this limit can be accounted for if the decision is opened to the public for scrutiny. For Schmidtz, public deliberation of a decision is a practical way for a decision maker to account for the most externalities to avoid moral violation of many people (163). Although cost-benefit analysis is not a perfect formula that can always determine morally perfect decisions, choices will always have to be made, and Schmidtz argues that cost-benefit analysis—when it accounts for external costs—is the most practical method to determine the best option.
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