Precaution & Economics
An Economic Framework for Precaution
Frank Ackerman of Tufts University outlines three rigid assumptions of free-market theory and four areas of environmental economics: market prices, life-cycle costs and easily monetized externalities, "priceless" externalities, and uncertainty, complexity and synergy—the realm of precaution where it is important to act.
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Precautionary Economic Analysis
Nancy Myers of Science and Environmental Health Network outlines the benefits of precautionary economic analysis and describes a case study, "Easy Money, Hidden Costs: Precautionary Economic Analysis of Coalbed Methane Development in Power River Basin."
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View power point presentation.
Costs of Toxic Exposure
Kate Davies of Antioch University Seattle outlines three types of studies on the costs of exposure to toxic chemicals, air pollution and multiple disease outcomes.
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