The underlying rationale for this book is to present research that
a) highlights the explosively political and deeply divisive issues
involved in managing risk and b) address the empirical deficit and
theoretical challenges related to managing societal risk ethically.
Extant risk management research borrows heavily from engineering,
systems theory and business management, and is primarily focused on
probabilities, modeling, and abstractions of the value of
mitigative action. This research engenders a false sense of
objectivity and it de-politicizes fundamental political and
democratic questions about the allocation of society's scarce
resources and about the balance of responsibilities between
governing institutions and individuals with regard to risk. The
quantitative and hard-science focus on risk also keeps a discussion
of the consequences of the distribution of risk, resources and
responsibilities for real people out of the lime light. The
contributors to this book are experts in a wide range of academic
fields and in this book they take on the challenge of examining
their core research with a specific ethics perspective. They
explore the ethics of risk management using theory, cases and data
from a range of policy areas, countries and philosophical
traditions. This book should be of interest to scholars and
practitioners working in fields that deal either implicitly or
explicitly with risk. This would include, but is not limited to,
scholars and students of public management, public sector ethics,
public policy, risk regulation, and risk management. The book deals
directly with core problems of management in the public sector,
value-conflicts, multiple principals and stakeholders, as well as
information analysis and the application of sound and valid
decision-making processes. The book can be adopted as a core text
for graduate courses in public management, public policy, public
administration ethics, and comparative politics. It would also work
well as an applied theory text in comparative politics; ethics
centered courses in political science, as well as more narrowly
focused courses on risk, crisis and disaster management. For the
practitioner audience, this book pin-points the ethical stakes, the
analytical and managerial challenges, and the necessary tools to
meet the many risks that societies face. This book, Ethics and Risk
Management, provides a unique take on the realities of cost-benefit
analysis, efforts to control and regulate risk and risky behavior,
as well as the decidedly bounded rationality with which we, as
decision-makers and citizens, perceive and take risks. The work of
identifying, understanding, prioritizing and designing effective
tools to mitigate and manage risk is an inherently analytical and
strategic process best suited to take place before and between
crises. Successful risk analysis and management reduces the general
occurrence of crises, while the ethical analysis and management of
risk serves to reduce the likelihood of subsequent socio-political
turmoil should a crisis occur. Thus, the investment that any
practitioner makes in risk management has the potential to yield
both social and political benefits if the analysis and work is done
with an eye toward ethics and stakeholder analysis.
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