From Alan Randall, retired chair of Agricultural, Environmental and Development Economics at Ohio State (my current position) and current professor at the University of Sydney comes, Risk and Precaution*, "a sophisticated, in-depth treatment of risk management in all of its complexities and complications."
From the back cover:
The rational approach to decision making fails to protect us from extraordinary risks, while inflexible application of the precautionary principle could inhibit innovation. How then are we to manage the risks, uncertainties, and “unknown unknowns” of the real world? In this book, Alan Randall unravels the key controversies surrounding the precautionary principle and develops a new framework that can be taken seriously in policy and management circles. Respecting the complexity of the real world, he defines a justifiable role for the precautionary principle in a risk management framework that integrates precaution with elements of the standard risk management model. This is explained using examples from medicine, pharmacy, synthetic chemicals, nanotechnology, the environment, and natural resources conservation. This carefully reasoned but highly accessible book will appeal to readers from a broad range of disciplines, including risk management and policy applied to health, technology, and the environment.
*priced affordably--as opposed to other forthcoming books.
