Poisoned for Pennies
The Economics of Toxics and Precaution
By (author) Frank Ackerman
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Poisoned for Pennies by Frank Ackerman
Book Description"Cost-benefit analysis" is a term that is used so frequently we rarely stop to think about it. But relying on it can lead to some dubious conclusions, as Frank Ackerman points out in this eye-opening book. For example, some economists have argued that states should encourage - and even subsidize - cigarette smoking by citizens because smoking will shorten life spans and therefore reduce the need and expense of caring for the elderly. How did the economists reach that conclusion? The answer is cost-benefit analysis, Ackerman explains.Then in clear, understandable language, he describes an alternative, precautionary approach to making decisions under uncertainty. Once a mere theory, the precautionary principle has now been applied in practice through the European Union's REACH protocol. Citing major studies, many of which he has directed, he shows that the precautionary approach has not only worked, but has been relatively cheap."Poisoned for Pennies" shows how the misuse of cost-benefit analysis is impeding efforts to clean up and protect our environment, especially in the case of toxic chemicals. According to Ackerman, conservatives - in elected office, in state and federal regulatory agencies, and in businesses of every size - have been able to successfully argue that environmental clean-up and protection are simply too expensive. But he proves, that is untrue in case after case.Ackerman is already well known for his carefully reasoned attacks on the conventional wisdom about the costs of environmental regulation. This new book, which finds Ackerman ranging from psychological research to risk analysis to the benefits of aggressive pesticide regulation, and from mad cow disease to lead paint, will further his reputation as a thought leader in environmental protection. We can't afford not to listen to him.
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Book DetailsISBN: 9781597264013
(229mm x 152mm x 18mm)
Imprint: Island Press
Publisher: Island Press
Publish Date: 23-May-2008
Country of Publication: United States
Books By Author Frank Ackerman
Climate Protection and Development, Paperback (May 2012)
This book spells out what can and should be done to avert the real risks of disaster. It is not a story of complacent congratulation for "win-win" initiatives and "green" consumer choices. It summons us to an endeavour worthy of the resources and ingenuity of the twenty-first century.
Can We Afford the Future?, Paperback (October 2008)» View all books by Frank Ackerman
Offers a look at the economics of climate change, explaining how the arbitrary assumptions of conventional theories get in the way of understanding this problem. This book states that the benefits of climate protection are vital but priceless, and hence often devalued in cost-benefit calculations.
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Author Biography - Frank Ackerman
Frank Ackerman is the director of the Research and Policy Program at the Global Development and the Environment Institute at Tufts University. He is the author of Why Do We Recycle? (Island Press) and Priceless: On Knowing the Price of Everything and the Value of Nothing (with Lisa Heinzerling). He has conducted research for many environmental groups, including Greenpeace, Riverkeeper, and the Farmworker Justice Fund.
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