June 30, 2005
Sunstein and Hahn on The Precautionary Principle
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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June 30, 2005 | Permalink
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