Both risk and uncertainty are neo-liberal concepts, which can be
viewed as complementary techniques for governing diverse aspects of
life, rather than natural states of things. This new book examines
the way these constructs govern the production of wealth through
'uncertain' speculation and 'calculable' investment formulae. The
way in which risk and uncertainty govern the minimisation of harms
through insurance and through the uncertain practices of
'reasonable foresight' is discussed, and O Malley looks at the way
these same techniques were historically forged out of moral and
social beliefs about how to govern properly. In addition, the book
analyzes is how, during this process, ideas such as 'contract' and
distinctions between insurance and gambling were invented to order
to 'properly' govern the risky and uncertain future.
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