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The Precautionary Principle as a Basis for Decision Making
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Cass R. Sunstein
Veröffentlicht/Copyright:
25. April 2005
Over the coming decades, the increasingly popular “precautionary principle” is likely to have a significant impact on policies all over the world. Applying this principle could lead to dramatic changes in decision making. Possible applications include climate change, genetically modified food, nuclear power, homeland security, new drug therapies, and even war.We argue that the precautionary principle does not help individuals or nations make difficult choices in a non-arbitrary way. Taken seriously, it can be paralyzing, providing no direction at all. In contrast, balancing costs against benefits can offer the foundation of a principled approach for making difficult decisions.
Keywords: precautionary principle; cost-benefit analysis
Published Online: 2005-4-25
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Artikel in diesem Heft
- Feature
- Putin, the Oligarchs & the End of Political Liberalization
- The Profile of An Election, 2004: Outcomes and Fundamentals
- Cutting the Safety Net, One Strand at a Time
- When Economists Dream, They Dream of Clear Skies
- The Precautionary Principle as a Basis for Decision Making
- Letter
- Neither Borrower nor Lender Be: A Letter commenting on "The Unsustainability of U.S.Trade Deficits" by John Quiggin
- Quiggin Responds to "Neither Borrower nor Lender Be" by Thomas J. Grennes
- Microsoft's Market Realities: A Letter Commenting on "Going Soft on Microsoft? The EU's Antitrust Case and Remedy" by Ian Ayres and Barry Nalebuff
- Column
- Going Soft on Microsoft? The EU's Antitrust Case and Remedy
- Beyond Traditional Borders: A New Proposal for Federalism
- Privatizing Gay Rights with Non-discrimination Promises Instead of Policies
