Valuing Life
Humanizing the Regulatory State
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9780226129426
Valuing Life
Humanizing the Regulatory State
The White House Office of Information and Regulatory Affairs (OIRA) is the United States’s regulatory overseer. In Valuing Life, Cass R. Sunstein draws on his firsthand experience as the Administrator of OIRA from 2009 to 2012 to argue that we can humanize regulation—and save lives in the process.
As OIRA Administrator, Sunstein helped oversee regulation in a broad variety of areas, including highway safety, health care, homeland security, immigration, energy, environmental protection, and education. This background allows him to describe OIRA and how it works—and how it can work better—from an on-the-ground perspective. Using real-world examples, many of them drawn from today’s headlines, Sunstein makes a compelling case for improving cost-benefit analysis, a longtime cornerstone of regulatory decision-making, and for taking account of variables that are hard to quantify, such as dignity and personal privacy. He also shows how regulatory decisions about health, safety, and life itself can benefit from taking into account behavioral and psychological research, including new findings about what scares us, and what does not. By better accounting for people’s fallibility, Sunstein argues, we can create regulation that is simultaneously more human and more likely to achieve its goals.
In this highly readable synthesis of insights from law, policy, economics, and psychology, Sunstein breaks down the intricacies of the regulatory system and offers a new way of thinking about regulation that incorporates human dignity– and an insistent focus on the consequences of our choices.
As OIRA Administrator, Sunstein helped oversee regulation in a broad variety of areas, including highway safety, health care, homeland security, immigration, energy, environmental protection, and education. This background allows him to describe OIRA and how it works—and how it can work better—from an on-the-ground perspective. Using real-world examples, many of them drawn from today’s headlines, Sunstein makes a compelling case for improving cost-benefit analysis, a longtime cornerstone of regulatory decision-making, and for taking account of variables that are hard to quantify, such as dignity and personal privacy. He also shows how regulatory decisions about health, safety, and life itself can benefit from taking into account behavioral and psychological research, including new findings about what scares us, and what does not. By better accounting for people’s fallibility, Sunstein argues, we can create regulation that is simultaneously more human and more likely to achieve its goals.
In this highly readable synthesis of insights from law, policy, economics, and psychology, Sunstein breaks down the intricacies of the regulatory system and offers a new way of thinking about regulation that incorporates human dignity– and an insistent focus on the consequences of our choices.
240 pages | 7 tables | 6 x 9 | © 2014
Economics and Business: Economics--Government Finance
Law and Legal Studies: Law and Economics, Law and Society
Political Science: American Government and Politics, Public Policy
Reviews
Table of Contents
INTRODUCTION
Franklin’s Algebra
ONE
Inside Government
TWO
Human Consequences, or The Real World of Cost-Benefit Analysis
THREE
Dignity, Financial Meltdown, and Other Nonquantifiable Things
FOUR
Valuing Life, 1: Problems
FIVE
Valuing Life, 2: Solutions
SIX
The Morality of Risk
SEVEN
What Scares Us
EPILOGUE
Four Ways to Humanize the Regulatory State
APPENDIX A
Executive Order 13563 of January 18, 2011
APPENDIX B
The Social Cost of Carbon
APPENDIX C
Estimated Benefi ts and Costs of Selected Federal Regulations
APPENDIX D
Selected Examples of Breakeven Analysis
APPENDIX E
Values for Mortality and Morbidity
Acknowledgments
Notes
Index
Franklin’s Algebra
ONE
Inside Government
TWO
Human Consequences, or The Real World of Cost-Benefit Analysis
THREE
Dignity, Financial Meltdown, and Other Nonquantifiable Things
FOUR
Valuing Life, 1: Problems
FIVE
Valuing Life, 2: Solutions
SIX
The Morality of Risk
SEVEN
What Scares Us
EPILOGUE
Four Ways to Humanize the Regulatory State
APPENDIX A
Executive Order 13563 of January 18, 2011
APPENDIX B
The Social Cost of Carbon
APPENDIX C
Estimated Benefi ts and Costs of Selected Federal Regulations
APPENDIX D
Selected Examples of Breakeven Analysis
APPENDIX E
Values for Mortality and Morbidity
Acknowledgments
Notes
Index
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