Quantitative Risk-Benefit Analysis in Regulatory Decision-Making: A Fundamental Problem and an Alternative Proposal
Kenneth T. Bogen
Increasingly, calls are being made for government regulatoryagencies to rely on quantitative risk-benefit analysis, in aframework of cost-benefit balancing, to determine acceptablelevels of public health risk arising from regulated activities.In condoning the trade-off of public health for economic benefits,this policy approach fails to correspond to moral values andlegal precedents respecting individual autonomy. This paperproposes an alternative policy approach, one which requiressuch regulatory decisions to be justified on grounds of socialnecessity.