Thursday, June 30, 2005
Sunstein and Hahn continue their campaign against the precautionary principle in this article, arguing that it does not help make difficult choices and can paralyze decision-making. Unsurprisingly, cost-benefit analysis comes to the rescue. The basic argument is simply that protective action can imposes other costs/risks that make it less protective than the status quo. Link: The Precautionary Principle as a Basis for Decision Making.
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