
Risk and Precaution
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'This book is indeed an extraordinary accomplishment. It is a sophisticated, in-depth treatment of risk management in all of its complexities and complications. Numerous intellectual disciplines and subject matter fields are integrated to examine risk management in public policy. Randall's quest is to explore whether there is need in public policy for precautions, or safety margins, above and beyond that provided by ordinary risk management. The book demonstrates that for many situations ordinary risk management serves society well. Yet there are damaging events of infrequent occurrence but of major consequence, where ordinary risk management fails. His solution is to advance what he labels 'integrated risk management' which includes precautions not provided by ordinary risk management. His distinction between 'principles' and 'rules' in public policy formation alone makes reading the book worthwhile.' Emery N. Castle, Professor Emeritus, Oregon State University and Senior Fellow Emeritus and President Emeritus, Resources for the FutureMore details
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File format: PDF
Copy-Protection: Adobe-DRM (Digital Rights Management)
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