Ethics and Risk - Benefit Analysis

TitleEthics and Risk - Benefit Analysis
Publication TypeWeb Article
Year of Publication1990
AuthorsShrader-Frechette, KS
Secondary AuthorsDavis, M
Series TitlePerspectives on the Professions
Volume9
Issue2
PublisherCenter for the Study of Ethics in the Professions, Illinois Institute of Technology
Place PublishedChicago, IL
Publication Languageeng
KeywordsENGINEERING , public safety , RISK assessment
AbstractThe author critiques the way in which risk is commonly assessed, and looks at how risk-benefit analysis rests on the same egoism, hedonism, and utilitarianism as most other forms of economic analysis. It commonly ignores costs to third parties, natural resources, and public goods. The author suggests we find ways to compensate for these deficiencies in risk-benefit analysis.
URLhttp://ethics.iit.edu/perspective/v9n2%20perspective.pdf
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