Christopher Hood, Henry Rothstein, and Robert Baldwin
- Published in print:
- 2001
- Published Online:
- November 2003
- ISBN:
- 9780199243631
- eISBN:
- 9780191599507
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199243638.001.0001
- Subject:
- Political Science, Comparative Politics
Why does the regulation of risks to human health and safety vary so dramatically from one policy domain to another? Why are some risks regulated aggressively and others responded to only modestly? Is ...
More
Why does the regulation of risks to human health and safety vary so dramatically from one policy domain to another? Why are some risks regulated aggressively and others responded to only modestly? Is there any logic to the techniques we use in risk regulation? This book addresses these important questions by systematically examining variety amongst risk regulation regimes across policy domains, analysing the significant driving forces shaping those regimes, and identifying the causes of regulatory failure and success. In order to do so, the book develops a systems‐based concept of a ‘risk regulation regime’, which enables comparative description and analysis of the rules, institutional arrangements, and cultures that are bound up with the handling of risk within and between regimes. Using that framework, the book analyses how regimes and their constituent components are differentially shaped by three major driving forces—namely, the pressures exerted by market failure, by public opinion, and by organized interests inside and outside the state apparatus—and blame‐avoidance responses of regimes in the face of pressures for greater openness. The book applies the method to analyse a range of risk regulation regimes that cross the divide between ‘natural’ and ‘socially created’, state‐created and market‐created, ‘voluntary’ and ‘involuntary’, high‐tech and low‐tech, individually, and corporately produced risks. Those regimes include the release of paedophiles into the community, air pollution, local road safety, radon, pesticides, and dangerous dogs. The analysis reveals both variations and paradoxes that can neither be identified by single case studies, nor be easily explained by macro‐oriented approaches to understanding risk regulation. The Government of Risk shows how such an approach is of high policy relevance as well as of considerable theoretical importance.Less
Why does the regulation of risks to human health and safety vary so dramatically from one policy domain to another? Why are some risks regulated aggressively and others responded to only modestly? Is there any logic to the techniques we use in risk regulation? This book addresses these important questions by systematically examining variety amongst risk regulation regimes across policy domains, analysing the significant driving forces shaping those regimes, and identifying the causes of regulatory failure and success. In order to do so, the book develops a systems‐based concept of a ‘risk regulation regime’, which enables comparative description and analysis of the rules, institutional arrangements, and cultures that are bound up with the handling of risk within and between regimes. Using that framework, the book analyses how regimes and their constituent components are differentially shaped by three major driving forces—namely, the pressures exerted by market failure, by public opinion, and by organized interests inside and outside the state apparatus—and blame‐avoidance responses of regimes in the face of pressures for greater openness. The book applies the method to analyse a range of risk regulation regimes that cross the divide between ‘natural’ and ‘socially created’, state‐created and market‐created, ‘voluntary’ and ‘involuntary’, high‐tech and low‐tech, individually, and corporately produced risks. Those regimes include the release of paedophiles into the community, air pollution, local road safety, radon, pesticides, and dangerous dogs. The analysis reveals both variations and paradoxes that can neither be identified by single case studies, nor be easily explained by macro‐oriented approaches to understanding risk regulation. The Government of Risk shows how such an approach is of high policy relevance as well as of considerable theoretical importance.
Lukasz Gruszczynski
- Published in print:
- 2010
- Published Online:
- May 2010
- ISBN:
- 9780199578924
- eISBN:
- 9780191722646
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199578924.001.0001
- Subject:
- Law, Public International Law, Environmental and Energy Law
The last sixty years witnessed an unprecedented expansion of international trade. The system created by the General Agreement on Tariffs and Trade and later by the World Trade Organization (WTO) has ...
More
The last sixty years witnessed an unprecedented expansion of international trade. The system created by the General Agreement on Tariffs and Trade and later by the World Trade Organization (WTO) has proved to be an efficient tool for the elimination of trade tariff barriers. This process also coincided with the increased national risk regulatory controls. Governments, responding to the demands of their domestic constituencies, have adopted a wide range of regulatory measures aimed at protecting the environment and human health. Although for the most part, these new regulatory initiatives served legitimate objectives, it has also turned out that internal measures might become an attractive vehicle for protectionism, taking the place that was traditionally occupied by tariff barriers. The WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement) is an attempt by the international community to limit possible abuses while accepting a considerable margin of regulatory discretion of WTO Members. Does it optimally strike a balance between competing objectives of international free trade and regulatory freedom in the field of risk regulation? In answering this question, the book engages in a comprehensive and critical examination of the substantive provisions of the SPS Agreement and the corresponding case law. Special attention is paid to three specific issues: the appropriateness of the disciplines established by the SPS Agreement, the consistency of their interpretation by the WTO case law, and the normative content of those requirements that have not yet been addressed by SPS jurisprudence. The book concludes that despite some failures of the SPS system, the Agreement provides an operable and efficient mechanism for the supervision of domestic SPS measures.Less
The last sixty years witnessed an unprecedented expansion of international trade. The system created by the General Agreement on Tariffs and Trade and later by the World Trade Organization (WTO) has proved to be an efficient tool for the elimination of trade tariff barriers. This process also coincided with the increased national risk regulatory controls. Governments, responding to the demands of their domestic constituencies, have adopted a wide range of regulatory measures aimed at protecting the environment and human health. Although for the most part, these new regulatory initiatives served legitimate objectives, it has also turned out that internal measures might become an attractive vehicle for protectionism, taking the place that was traditionally occupied by tariff barriers. The WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS Agreement) is an attempt by the international community to limit possible abuses while accepting a considerable margin of regulatory discretion of WTO Members. Does it optimally strike a balance between competing objectives of international free trade and regulatory freedom in the field of risk regulation? In answering this question, the book engages in a comprehensive and critical examination of the substantive provisions of the SPS Agreement and the corresponding case law. Special attention is paid to three specific issues: the appropriateness of the disciplines established by the SPS Agreement, the consistency of their interpretation by the WTO case law, and the normative content of those requirements that have not yet been addressed by SPS jurisprudence. The book concludes that despite some failures of the SPS system, the Agreement provides an operable and efficient mechanism for the supervision of domestic SPS measures.
Michael Quinlan
- Published in print:
- 2009
- Published Online:
- May 2009
- ISBN:
- 9780199563944
- eISBN:
- 9780191721274
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199563944.001.0001
- Subject:
- Political Science, International Relations and Politics
This book reflects the author's experience across more than forty years in assessing and helping to shape policy about nuclear weapons, mostly at senior levels close to the centre both of British ...
More
This book reflects the author's experience across more than forty years in assessing and helping to shape policy about nuclear weapons, mostly at senior levels close to the centre both of British governmental decision-making and of NATO's development of plans and deployments, with much interaction also with comparable levels of United States activity in the Pentagon and the State Department. From this exceptional background of practical experience Part I of this book seeks to distill basic conceptual ways of understanding the nuclear revolution—the transformation brought about by the existence of nuclear weapons, and their significance in preventing major war. It also surveys NATO's progressive development of thinking about nuclear deterrence, and then discusses the deep moral dilemmas posed—for all possible standpoints—by the existence of such weapons. Part II considers the risks and costs of nuclear-weapon possession, including proliferation dangers, and looks at both successful and unsuccessful ideas for risk-management. Part III illustrates specific issues by reviewing the history and current policies of one long-established possessor, the United Kingdom, and two more recent ones in South Asia. Part IV turns to the future, examines the goal of the eventual abolition of all nuclear armouries, and then discusses the practical agenda, short of such a goal, which governments can usefully tackle in reducing the risks of proliferation and other dangers while not surrendering prematurely the war-prevention benefits which nuclear weapons have brought since 1945.Less
This book reflects the author's experience across more than forty years in assessing and helping to shape policy about nuclear weapons, mostly at senior levels close to the centre both of British governmental decision-making and of NATO's development of plans and deployments, with much interaction also with comparable levels of United States activity in the Pentagon and the State Department. From this exceptional background of practical experience Part I of this book seeks to distill basic conceptual ways of understanding the nuclear revolution—the transformation brought about by the existence of nuclear weapons, and their significance in preventing major war. It also surveys NATO's progressive development of thinking about nuclear deterrence, and then discusses the deep moral dilemmas posed—for all possible standpoints—by the existence of such weapons. Part II considers the risks and costs of nuclear-weapon possession, including proliferation dangers, and looks at both successful and unsuccessful ideas for risk-management. Part III illustrates specific issues by reviewing the history and current policies of one long-established possessor, the United Kingdom, and two more recent ones in South Asia. Part IV turns to the future, examines the goal of the eventual abolition of all nuclear armouries, and then discusses the practical agenda, short of such a goal, which governments can usefully tackle in reducing the risks of proliferation and other dangers while not surrendering prematurely the war-prevention benefits which nuclear weapons have brought since 1945.
Kern Alexander, Rahul Dhumale, and John Eatwell
- Published in print:
- 2005
- Published Online:
- September 2007
- ISBN:
- 9780195166989
- eISBN:
- 9780199783861
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195166989.001.0001
- Subject:
- Economics and Finance, Financial Economics
This book sets forth the economic rationale for international financial regulation and what role, if any, international regulation can play in effectively managing systemic risk while providing ...
More
This book sets forth the economic rationale for international financial regulation and what role, if any, international regulation can play in effectively managing systemic risk while providing accountability to all affected nations. The book suggests that a particular type of global governance structure is necessary to have more efficient regulation of the international financial systems. The book defines global governance of financial systems to involve three main principles: effectiveness in devising efficient regulatory standards and rules; accountability in decision-making structure and chain of command; and legitimacy, meaning that those subject to international regulatory standards have participated in some meaningful way in their development.Less
This book sets forth the economic rationale for international financial regulation and what role, if any, international regulation can play in effectively managing systemic risk while providing accountability to all affected nations. The book suggests that a particular type of global governance structure is necessary to have more efficient regulation of the international financial systems. The book defines global governance of financial systems to involve three main principles: effectiveness in devising efficient regulatory standards and rules; accountability in decision-making structure and chain of command; and legitimacy, meaning that those subject to international regulatory standards have participated in some meaningful way in their development.
Jonathan Wolff and Avner de-Shalit
- Published in print:
- 2007
- Published Online:
- May 2007
- ISBN:
- 9780199278268
- eISBN:
- 9780191707902
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199278268.001.0001
- Subject:
- Political Science, Political Theory
What does it mean to be disadvantaged? Is it possible to compare different disadvantages? What should governments do to move their societies in the direction of equality, where equality is to be ...
More
What does it mean to be disadvantaged? Is it possible to compare different disadvantages? What should governments do to move their societies in the direction of equality, where equality is to be understood both in distributional and social terms? Linking analytical philosophical theory with broad empirical studies, including interviews conducted for the purpose of this book, it is shown how taking theory and practice together is essential if the theory is to be rich enough to be applied to the real world, and policy systematic enough to have purpose and justification. The book is divided into three parts. Part 1 presents a pluralist analysis of disadvantage, modifying the capability theory of Sen and Nussbaum to produce the ‘genuine opportunity for secure functioning’ view. This emphasizes risk and insecurity as a central component of disadvantage. Part 2 shows how to identify the least advantaged in society even on a pluralist view. It is suggested that disadvantage ‘clusters’ in the sense that some people are disadvantaged in several different respects. Thus, it is not necessary to solve the problem of how to weigh different categories of disadvantage against each other in order to identify the least advantaged. Conversely, a society which has ‘declustered disadvantaged’ — in the sense that no group lacks secure functioning on a range of functionings — has made considerable progress in the direction of equality. Part 3 explores how to decluster disadvantage, by paying special attention to ‘corrosive disadvantages’ — those disadvantages that cause further disadvantages, and ‘fertile functionings’ — those which are likely to secure other functionings.Less
What does it mean to be disadvantaged? Is it possible to compare different disadvantages? What should governments do to move their societies in the direction of equality, where equality is to be understood both in distributional and social terms? Linking analytical philosophical theory with broad empirical studies, including interviews conducted for the purpose of this book, it is shown how taking theory and practice together is essential if the theory is to be rich enough to be applied to the real world, and policy systematic enough to have purpose and justification. The book is divided into three parts. Part 1 presents a pluralist analysis of disadvantage, modifying the capability theory of Sen and Nussbaum to produce the ‘genuine opportunity for secure functioning’ view. This emphasizes risk and insecurity as a central component of disadvantage. Part 2 shows how to identify the least advantaged in society even on a pluralist view. It is suggested that disadvantage ‘clusters’ in the sense that some people are disadvantaged in several different respects. Thus, it is not necessary to solve the problem of how to weigh different categories of disadvantage against each other in order to identify the least advantaged. Conversely, a society which has ‘declustered disadvantaged’ — in the sense that no group lacks secure functioning on a range of functionings — has made considerable progress in the direction of equality. Part 3 explores how to decluster disadvantage, by paying special attention to ‘corrosive disadvantages’ — those disadvantages that cause further disadvantages, and ‘fertile functionings’ — those which are likely to secure other functionings.
Maria Green Cowles and Michael Smith (eds)
- Published in print:
- 2000
- Published Online:
- November 2003
- ISBN:
- 9780198297574
- eISBN:
- 9780191598982
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198297572.001.0001
- Subject:
- Political Science, European Union
This book represents the relaunching of the State of the European Union series sponsored by the European Community Studies Association. It features 19 papers on the ‘four Rs’ that embody the EU ...
More
This book represents the relaunching of the State of the European Union series sponsored by the European Community Studies Association. It features 19 papers on the ‘four Rs’ that embody the EU experience: risk, reform, resistance and revival. Risk is defined in terms of the stakes attached to the European project. Reform is the attempt to shape and reshape the European project in its pursuit of efficiency, effectiveness, and avoidance of the risk of non-reform. Resistance refers to the forces that oppose reform. Revival refers to the breakthroughs precipitated by shifts in the balance between risk, reform, and resistance.Less
This book represents the relaunching of the State of the European Union series sponsored by the European Community Studies Association. It features 19 papers on the ‘four Rs’ that embody the EU experience: risk, reform, resistance and revival. Risk is defined in terms of the stakes attached to the European project. Reform is the attempt to shape and reshape the European project in its pursuit of efficiency, effectiveness, and avoidance of the risk of non-reform. Resistance refers to the forces that oppose reform. Revival refers to the breakthroughs precipitated by shifts in the balance between risk, reform, and resistance.
Jonathan Wolff and Avner De-Shalit
- Published in print:
- 2007
- Published Online:
- May 2007
- ISBN:
- 9780199278268
- eISBN:
- 9780191707902
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199278268.003.0004
- Subject:
- Political Science, Political Theory
This chapter argues the importance of examining not only what functionings a person achieves, but also his or her prospect of securing and sustaining a level of functioning should he or she attempt ...
More
This chapter argues the importance of examining not only what functionings a person achieves, but also his or her prospect of securing and sustaining a level of functioning should he or she attempt to do so. Key determinants of their prospects are: their probability of success, and what they have to sacrifice to achieve that probability of success. Thus, a key aspect of disadvantage is for one's functionings being or becoming insecure involuntarily, or when in order to secure certain functionings, one is forced to make other functionings insecure in a way that other people do not have to do. Accordingly, a policy of rectifying disadvantage would need to pay special attention to the question of how to secure functionings and how to avoid cross-category risk, i.e., when a risk spreads to other functionings. It is suggested that if a snapshot of a person's functioning is to be represented as a bar chart, the heights and widths of each bar should represent the functioning level achieved and the functioning's security, respectively.Less
This chapter argues the importance of examining not only what functionings a person achieves, but also his or her prospect of securing and sustaining a level of functioning should he or she attempt to do so. Key determinants of their prospects are: their probability of success, and what they have to sacrifice to achieve that probability of success. Thus, a key aspect of disadvantage is for one's functionings being or becoming insecure involuntarily, or when in order to secure certain functionings, one is forced to make other functionings insecure in a way that other people do not have to do. Accordingly, a policy of rectifying disadvantage would need to pay special attention to the question of how to secure functionings and how to avoid cross-category risk, i.e., when a risk spreads to other functionings. It is suggested that if a snapshot of a person's functioning is to be represented as a bar chart, the heights and widths of each bar should represent the functioning level achieved and the functioning's security, respectively.
Gøsta Esping‐Andersen
- Published in print:
- 1999
- Published Online:
- November 2003
- ISBN:
- 9780198742005
- eISBN:
- 9780191599163
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198742002.003.0003
- Subject:
- Political Science, Comparative Politics
This chapter and the previous one revisit the political economy within which post‐war welfare regimes emerged, matured, and, now appear crisis‐ridden. Here, an analysis is made of social risks and ...
More
This chapter and the previous one revisit the political economy within which post‐war welfare regimes emerged, matured, and, now appear crisis‐ridden. Here, an analysis is made of social risks and welfare states. The post‐war welfare state was premised upon assumptions about family structure and labour market behaviour that, today, are largely invalid. Risks that in the 1950s or 1960s were assumed away are now becoming dominant, and vice versa. The post‐war welfare state being the child of the 1930s Depression and the ‘workers question’, was moulded on a society in which the prototypical client was a male production worker, who is now rather hard to find. A first step towards an understanding of the contemporary welfare state crisis must begin with: (a) a diagnosis of the changing distribution and intensity of social risks, and (b) a comprehensive examination of how risks are pooled and distributed between state, market, and family. The different sections of the chapter are: The State in the Welfare Nexus—the misunderstood family, and the welfare triad of state, market, and family; The Foundations of Welfare Regimes: Risk Management—family and market ‘failures’; and The distribution of risks and models of solidarity—class risks, life‐course risks, intergenerational risks, de‐commodification, and familialism and de‐familialism.Less
This chapter and the previous one revisit the political economy within which post‐war welfare regimes emerged, matured, and, now appear crisis‐ridden. Here, an analysis is made of social risks and welfare states. The post‐war welfare state was premised upon assumptions about family structure and labour market behaviour that, today, are largely invalid. Risks that in the 1950s or 1960s were assumed away are now becoming dominant, and vice versa. The post‐war welfare state being the child of the 1930s Depression and the ‘workers question’, was moulded on a society in which the prototypical client was a male production worker, who is now rather hard to find. A first step towards an understanding of the contemporary welfare state crisis must begin with: (a) a diagnosis of the changing distribution and intensity of social risks, and (b) a comprehensive examination of how risks are pooled and distributed between state, market, and family. The different sections of the chapter are: The State in the Welfare Nexus—the misunderstood family, and the welfare triad of state, market, and family; The Foundations of Welfare Regimes: Risk Management—family and market ‘failures’; and The distribution of risks and models of solidarity—class risks, life‐course risks, intergenerational risks, de‐commodification, and familialism and de‐familialism.
Green Green Cowles and Michael Smith
- Published in print:
- 2000
- Published Online:
- November 2003
- ISBN:
- 9780198297574
- eISBN:
- 9780191598982
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198297572.003.0001
- Subject:
- Political Science, European Union
This introductory chapter discusses the ‘four Rs’ that illustrate the progress of the EU project: risk, reform, resistance and revival. It defines these elements and describes the balance between ...
More
This introductory chapter discusses the ‘four Rs’ that illustrate the progress of the EU project: risk, reform, resistance and revival. It defines these elements and describes the balance between them. It then presents an overview of the papers included in this volume.Less
This introductory chapter discusses the ‘four Rs’ that illustrate the progress of the EU project: risk, reform, resistance and revival. It defines these elements and describes the balance between them. It then presents an overview of the papers included in this volume.
David S. Wendler
- Published in print:
- 2010
- Published Online:
- May 2010
- ISBN:
- 9780199730087
- eISBN:
- 9780199776689
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199730087.003.0010
- Subject:
- Philosophy, Moral Philosophy
Chapter 10 provides the conclusion for the text, arguing that the present justification satisfies the 3 conditions on an acceptable justification for nonbeneficial pediatric research. Specifically, ...
More
Chapter 10 provides the conclusion for the text, arguing that the present justification satisfies the 3 conditions on an acceptable justification for nonbeneficial pediatric research. Specifically, the fact that contributing to valuable projects promotes one's interests provides justification for exposing children to some risks for the benefit of others. This is the risk allowance condition. Next, the fact that passive contributions have only minimal implications for our interests implies that this possibility can justify only minimal risks. This is the risk threshold condition. Finally, the fact that more active contributions promote our interests more provides a reason to prefer the enrollment of adults to the enrollment of children. This fact is consistent with the third condition that we should prefer the enrollment of adults to children even though it is the case that participation can be consistent with children's interests.Less
Chapter 10 provides the conclusion for the text, arguing that the present justification satisfies the 3 conditions on an acceptable justification for nonbeneficial pediatric research. Specifically, the fact that contributing to valuable projects promotes one's interests provides justification for exposing children to some risks for the benefit of others. This is the risk allowance condition. Next, the fact that passive contributions have only minimal implications for our interests implies that this possibility can justify only minimal risks. This is the risk threshold condition. Finally, the fact that more active contributions promote our interests more provides a reason to prefer the enrollment of adults to the enrollment of children. This fact is consistent with the third condition that we should prefer the enrollment of adults to children even though it is the case that participation can be consistent with children's interests.
Jochen Clasen and Daniel Clegg (eds)
- Published in print:
- 2011
- Published Online:
- January 2012
- ISBN:
- 9780199592296
- eISBN:
- 9780191731471
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199592296.001.0001
- Subject:
- Political Science, Political Economy
In recent decades, the share of service employment has increased greatly across Europe, fundamentally changing the structure of European labour markets and the nature of the economic risks that ...
More
In recent decades, the share of service employment has increased greatly across Europe, fundamentally changing the structure of European labour markets and the nature of the economic risks that individual workers face. This book explores how far reforms to unemployment protection systems, which were introduced and consolidated in a very different labour market context, are responding to the particular challenges of post-industrial labour markets. It argues that adapting traditional systems of unemployment protection to the risk profiles of service-based economies requires a profound policy realignment, which can be summarized with reference to three overlapping processes of institutional change; the homogenization of unemployment benefit rights for different categories of the unemployed; the erosion of the institutional boundaries between benefit provisions for the unemployed and for other groups of working-age people reliant on state support; and the ever-closer operational integration of income maintenance policies and other forms of labour market support. Systematically comparing across twelve European welfare states over a period of twenty years, the book traces how these reform dynamics have played out in the context of political conflicts, institutional constraints, and changing macroeconomic conditions. While the book highlights that many differences continue to set the unemployment protection arrangements of different European countries apart, it also points to an emergent process of contingent convergence in conceptions of the risk of unemployment and of appropriate ways of regulating it.Less
In recent decades, the share of service employment has increased greatly across Europe, fundamentally changing the structure of European labour markets and the nature of the economic risks that individual workers face. This book explores how far reforms to unemployment protection systems, which were introduced and consolidated in a very different labour market context, are responding to the particular challenges of post-industrial labour markets. It argues that adapting traditional systems of unemployment protection to the risk profiles of service-based economies requires a profound policy realignment, which can be summarized with reference to three overlapping processes of institutional change; the homogenization of unemployment benefit rights for different categories of the unemployed; the erosion of the institutional boundaries between benefit provisions for the unemployed and for other groups of working-age people reliant on state support; and the ever-closer operational integration of income maintenance policies and other forms of labour market support. Systematically comparing across twelve European welfare states over a period of twenty years, the book traces how these reform dynamics have played out in the context of political conflicts, institutional constraints, and changing macroeconomic conditions. While the book highlights that many differences continue to set the unemployment protection arrangements of different European countries apart, it also points to an emergent process of contingent convergence in conceptions of the risk of unemployment and of appropriate ways of regulating it.
W. Kip Viscusi
- Published in print:
- 1998
- Published Online:
- November 2003
- ISBN:
- 9780198293637
- eISBN:
- 9780191596995
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198293631.001.0001
- Subject:
- Economics and Finance, Microeconomics
Ideally, individual risk‐taking decisions and government risk policies should be based on a rational balancing of risk and cost. Unfortunately, private decisions are subject to a number of biases ...
More
Ideally, individual risk‐taking decisions and government risk policies should be based on a rational balancing of risk and cost. Unfortunately, private decisions are subject to a number of biases including overestimation of small probabilities and alarmist responses to ambiguous risks. Hazard warnings can potentially be effective, but are not always ideal, as the people now overestimate the risks of smoking. Labour market estimates of the value of life can provide a rational reference point for benefit‐cost tests of risk regulations. The pressures exerted by irrational public responses to risk often lead to regulations that impose inordinately high costs per life saved. Excessive regulation potentially makes society worse off from a health and safety standpoint as shown by the risk–risk analysis methodology developed in this book. Similarly, liability rules and social insurance systems also should be structured to reflect an efficient balancing of risk and cost.Less
Ideally, individual risk‐taking decisions and government risk policies should be based on a rational balancing of risk and cost. Unfortunately, private decisions are subject to a number of biases including overestimation of small probabilities and alarmist responses to ambiguous risks. Hazard warnings can potentially be effective, but are not always ideal, as the people now overestimate the risks of smoking. Labour market estimates of the value of life can provide a rational reference point for benefit‐cost tests of risk regulations. The pressures exerted by irrational public responses to risk often lead to regulations that impose inordinately high costs per life saved. Excessive regulation potentially makes society worse off from a health and safety standpoint as shown by the risk–risk analysis methodology developed in this book. Similarly, liability rules and social insurance systems also should be structured to reflect an efficient balancing of risk and cost.
Maria Scannapieco and Kelli Connell-Carrick
- Published in print:
- 2005
- Published Online:
- January 2009
- ISBN:
- 9780195156782
- eISBN:
- 9780199864164
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195156782.001.0001
- Subject:
- Social Work, Children and Families
This book analyzes in a developmental context understanding, assessing, and treating child maltreatment within the ecological framework. This framework is used to help systematically organize and ...
More
This book analyzes in a developmental context understanding, assessing, and treating child maltreatment within the ecological framework. This framework is used to help systematically organize and integrate the complexity of the child maltreatment and developmental empirical literature by the following developmental stages: infancy, early childhood, middle childhood, and adolescence. Two chapters cover each developmental stage: the first chapter presents a comprehensive discussion of normal development and the developmental consequences of child maltreatment; and the second chapter applies this knowledge to the assessment and intervention strategies of child maltreatment. Research has yielded support for viewing child maltreatment from an ecological perspective, in that a spectrum of factors has been found to be correlated with protective and risk factors of abuse and neglect of children. These factors interact to create potentially protective or harmful conditions for children. Throughout the book, consideration of multiple risk and protective factors are utilized in assessing child maltreatment at each stage of development within the ecological perspective. This framework enables assessment of individual, family, and environmental elements and their interactions. To assess completely child maltreatment, all potential categories of contributory factors are considered. In addition, a case illustration at the end of each major chapter allows for the application of information presented in those chapters to enhance learning.Less
This book analyzes in a developmental context understanding, assessing, and treating child maltreatment within the ecological framework. This framework is used to help systematically organize and integrate the complexity of the child maltreatment and developmental empirical literature by the following developmental stages: infancy, early childhood, middle childhood, and adolescence. Two chapters cover each developmental stage: the first chapter presents a comprehensive discussion of normal development and the developmental consequences of child maltreatment; and the second chapter applies this knowledge to the assessment and intervention strategies of child maltreatment. Research has yielded support for viewing child maltreatment from an ecological perspective, in that a spectrum of factors has been found to be correlated with protective and risk factors of abuse and neglect of children. These factors interact to create potentially protective or harmful conditions for children. Throughout the book, consideration of multiple risk and protective factors are utilized in assessing child maltreatment at each stage of development within the ecological perspective. This framework enables assessment of individual, family, and environmental elements and their interactions. To assess completely child maltreatment, all potential categories of contributory factors are considered. In addition, a case illustration at the end of each major chapter allows for the application of information presented in those chapters to enhance learning.
Nikolas Rose and Joelle M. Abi-Rached
- Published in print:
- 2013
- Published Online:
- October 2017
- ISBN:
- 9780691149608
- eISBN:
- 9781400846337
- Item type:
- chapter
- Publisher:
- Princeton University Press
- DOI:
- 10.23943/princeton/9780691149608.003.0007
- Subject:
- Neuroscience, Development
This chapter examines the arguments that claim that human antisocial behavior—notably impulsivity, aggression, and related forms of criminal conduct—have neurobiological roots. While neurobiological ...
More
This chapter examines the arguments that claim that human antisocial behavior—notably impulsivity, aggression, and related forms of criminal conduct—have neurobiological roots. While neurobiological evidence from genomics or functional brain imaging is likely to have limited traction in the criminal courtroom itself, a new diagram is nonetheless emerging in the criminal justice system as it encounters developments in the neurosciences. This does not entail a challenge to doctrines of free will or an exculpatory argument that “my brain made me do it,” as some have suggested. Rather it is developing around the themes of susceptibility, prediction, and precaution that have come to infuse many aspects of criminal justice systems as they have come to focus on questions of risk—risk assessment, risk management, and risk reduction.Less
This chapter examines the arguments that claim that human antisocial behavior—notably impulsivity, aggression, and related forms of criminal conduct—have neurobiological roots. While neurobiological evidence from genomics or functional brain imaging is likely to have limited traction in the criminal courtroom itself, a new diagram is nonetheless emerging in the criminal justice system as it encounters developments in the neurosciences. This does not entail a challenge to doctrines of free will or an exculpatory argument that “my brain made me do it,” as some have suggested. Rather it is developing around the themes of susceptibility, prediction, and precaution that have come to infuse many aspects of criminal justice systems as they have come to focus on questions of risk—risk assessment, risk management, and risk reduction.
Gøsta Esping‐Andersen
- Published in print:
- 1999
- Published Online:
- November 2003
- ISBN:
- 9780198742005
- eISBN:
- 9780191599163
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198742002.003.0008
- Subject:
- Political Science, Comparative Politics
The introduction discusses the idea of a mature welfare state, and shows that the welfare state of the 1970s can be regarded as mature basically because few, if any, major changes have occurred since ...
More
The introduction discusses the idea of a mature welfare state, and shows that the welfare state of the 1970s can be regarded as mature basically because few, if any, major changes have occurred since then. Not only did the welfare state stabilize but so also did the embracing welfare regime. Looks at the welfare state crisis and the paradoxes within this, noting (as at the beginning of the book) that the shocks come principally from the labour market and declining family stability, thus bringing growing pressures on the welfare state itself, and implying that it needs to be examined. Suggests that it would be much more fruitful to analyse the crisis as pertaining to welfare regimes. Argues that the essence of the problem lies in the growing disjuncture between existing institutional arrangements and emerging risk profiles: the bottom‐line analytical question is how and under what conditions welfare regimes are being recast to respond to the new—post‐industrial—economic realities. The first two sections look at the public attitudes to the welfare state, and the welfare state as a Trojan horse. The following sections discuss new risks and new equalities of welfare regimes—how they deal with the Trojan horse—under the following headings: Managing the Labour Market; Labour Market Risks and Welfare Regimes; Family Risks and Welfare Regimes; and Welfare State Adaptation to Exogenous Shocks and New Risks.Less
The introduction discusses the idea of a mature welfare state, and shows that the welfare state of the 1970s can be regarded as mature basically because few, if any, major changes have occurred since then. Not only did the welfare state stabilize but so also did the embracing welfare regime. Looks at the welfare state crisis and the paradoxes within this, noting (as at the beginning of the book) that the shocks come principally from the labour market and declining family stability, thus bringing growing pressures on the welfare state itself, and implying that it needs to be examined. Suggests that it would be much more fruitful to analyse the crisis as pertaining to welfare regimes. Argues that the essence of the problem lies in the growing disjuncture between existing institutional arrangements and emerging risk profiles: the bottom‐line analytical question is how and under what conditions welfare regimes are being recast to respond to the new—post‐industrial—economic realities. The first two sections look at the public attitudes to the welfare state, and the welfare state as a Trojan horse. The following sections discuss new risks and new equalities of welfare regimes—how they deal with the Trojan horse—under the following headings: Managing the Labour Market; Labour Market Risks and Welfare Regimes; Family Risks and Welfare Regimes; and Welfare State Adaptation to Exogenous Shocks and New Risks.
J. R. Hicks
- Published in print:
- 1977
- Published Online:
- November 2003
- ISBN:
- 9780198284079
- eISBN:
- 9780191596421
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198284071.001.0001
- Subject:
- Economics and Finance, Macro- and Monetary Economics
The chapters contained in this book on money and growth, including two previously unpublished chapters, brings together the work of Sir John Hicks, covering the following: the mainspring of economic ...
More
The chapters contained in this book on money and growth, including two previously unpublished chapters, brings together the work of Sir John Hicks, covering the following: the mainspring of economic growth; industrialism; monetary experience and the theory of money; expected inflation; Hawtrey; recollections and documents; capital controversies, ancient and modern; the disaster point in risk theory; and explanations and revisions.Less
The chapters contained in this book on money and growth, including two previously unpublished chapters, brings together the work of Sir John Hicks, covering the following: the mainspring of economic growth; industrialism; monetary experience and the theory of money; expected inflation; Hawtrey; recollections and documents; capital controversies, ancient and modern; the disaster point in risk theory; and explanations and revisions.
Duncan Lindsey and Aron Shlonsky (eds)
- Published in print:
- 2008
- Published Online:
- January 2009
- ISBN:
- 9780195304961
- eISBN:
- 9780199863648
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780195304961.001.0001
- Subject:
- Social Work, Children and Families, Research and Evaluation
Research has already been a significant factor in child welfare policy in recent years, but this book demonstrates that it has taken a leading role in the field to spur and guide change. The chapters ...
More
Research has already been a significant factor in child welfare policy in recent years, but this book demonstrates that it has taken a leading role in the field to spur and guide change. The chapters in this book assess the effect of research on the full spectrum of child welfare services. The book covers every base. The opening chapters situate child welfare research in the modern context; they are followed by discussions of evidence-based practice in the field, arguably its most pressing concern now. Recent years have seen historic rises in the number of children adopted through public agencies and, accordingly, permanent placement and family ties are critical topics that occupy the book's core, along with chapters broaching the thorny questions that surround decision-making and risk assessment. The urgent need for a more effective use of research and evidence is highlighted again with looks at the future of child protection and how concrete data can influence policy and help children. Finally, in recognition of the growing importance of a global view, closing chapters address international issues in child welfare research, including an examination of policies from abroad and a multinational comparison of the economic challenges facing single mothers and their children.Less
Research has already been a significant factor in child welfare policy in recent years, but this book demonstrates that it has taken a leading role in the field to spur and guide change. The chapters in this book assess the effect of research on the full spectrum of child welfare services. The book covers every base. The opening chapters situate child welfare research in the modern context; they are followed by discussions of evidence-based practice in the field, arguably its most pressing concern now. Recent years have seen historic rises in the number of children adopted through public agencies and, accordingly, permanent placement and family ties are critical topics that occupy the book's core, along with chapters broaching the thorny questions that surround decision-making and risk assessment. The urgent need for a more effective use of research and evidence is highlighted again with looks at the future of child protection and how concrete data can influence policy and help children. Finally, in recognition of the growing importance of a global view, closing chapters address international issues in child welfare research, including an examination of policies from abroad and a multinational comparison of the economic challenges facing single mothers and their children.
Ser-Huang Poon and Richard Stapleton
- Published in print:
- 2005
- Published Online:
- July 2005
- ISBN:
- 9780199271443
- eISBN:
- 9780191602559
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199271445.001.0001
- Subject:
- Economics and Finance, Financial Economics
Relying on the existence, in a complete market, of a pricing kernel, this book covers the pricing of assets, derivatives, and bonds in a discrete time, complete markets framework. It is primarily ...
More
Relying on the existence, in a complete market, of a pricing kernel, this book covers the pricing of assets, derivatives, and bonds in a discrete time, complete markets framework. It is primarily aimed at advanced Masters and PhD students in finance. Topics covered include CAPM, non-marketable background risks, European-style contingent claims as in Black–Scholes and in cases where risk-neutral valuation relationship does not exist, multi-period asset pricing under rational expectations, forward and futures contracts on assets and derivatives, and bond pricing under stochastic interest rates. All the proofs, including a discrete time proof of the Libor market model, are shown explicitly.Less
Relying on the existence, in a complete market, of a pricing kernel, this book covers the pricing of assets, derivatives, and bonds in a discrete time, complete markets framework. It is primarily aimed at advanced Masters and PhD students in finance. Topics covered include CAPM, non-marketable background risks, European-style contingent claims as in Black–Scholes and in cases where risk-neutral valuation relationship does not exist, multi-period asset pricing under rational expectations, forward and futures contracts on assets and derivatives, and bond pricing under stochastic interest rates. All the proofs, including a discrete time proof of the Libor market model, are shown explicitly.
W. Kip Viscusi
- Published in print:
- 1998
- Published Online:
- November 2003
- ISBN:
- 9780198293637
- eISBN:
- 9780191596995
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198293631.003.0001
- Subject:
- Economics and Finance, Microeconomics
This chapter introduces the linkage between economic behaviour and risk regulation policies. Analysis of individual behaviour often reveals the nature of private market failures and provides guidance ...
More
This chapter introduces the linkage between economic behaviour and risk regulation policies. Analysis of individual behaviour often reveals the nature of private market failures and provides guidance with respect to the appropriate forms of intervention. However, irrationality in behaviour can also generate the impetus for misguided government policies to the extent that policies are responsive to citizen preferences even when they are irrational.Less
This chapter introduces the linkage between economic behaviour and risk regulation policies. Analysis of individual behaviour often reveals the nature of private market failures and provides guidance with respect to the appropriate forms of intervention. However, irrationality in behaviour can also generate the impetus for misguided government policies to the extent that policies are responsive to citizen preferences even when they are irrational.
W. Kip Viscusi
- Published in print:
- 1998
- Published Online:
- November 2003
- ISBN:
- 9780198293637
- eISBN:
- 9780191596995
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198293631.003.0008
- Subject:
- Economics and Finance, Microeconomics
Various forms of irrationality often provide the rationale for intervention to address market failures. However, in a democratic society, these forms of irrationality often provide the impetus for ...
More
Various forms of irrationality often provide the rationale for intervention to address market failures. However, in a democratic society, these forms of irrationality often provide the impetus for government policy. The policy task is to develop risk regulation policies that would emerge if the public responded rationally to risk.Less
Various forms of irrationality often provide the rationale for intervention to address market failures. However, in a democratic society, these forms of irrationality often provide the impetus for government policy. The policy task is to develop risk regulation policies that would emerge if the public responded rationally to risk.
