Terror, Security, and Money: Balancing the Risks, Benefits, and Costs of Homeland Security - Softcover
Synopsis
In seeking to evaluate the efficacy of post-9/11 homeland security expenses--which have risen by more than a trillion dollars, not including war costs--the common query has been, "Are we safer?" This, however, is the wrong question. Of course we are "safer"--the posting of a single security guard at one building's entrance enhances safety. The correct question is, "Are any gains in security worth the funds expended?"
In this engaging, readable book, John Mueller and Mark Stewart apply risk and cost-benefit evaluation techniques to answer this very question. This analytical approach has been used throughout the world for decades by regulators, academics, and businesses--but, as a recent National Academy of Science study suggests, it has never been capably applied by the people administering homeland security funds. Given the limited risk terrorism presents, expenses meant to lower it have for the most part simply not been worth it. For example, to be considered cost-effective, increased American homeland security expenditures would have had each year to have foiled up to 1,667 attacks roughly like the one intended on Times Square in 2010--more than four a day. Cataloging the mistakes that the US has made--and continues to make--in managing homeland security programs, Terror, Security, and Money has the potential to redirect our efforts toward a more productive and far more cost-effective course.
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About the Author
John Mueller is Woody Hayes Chair of National Security Studies, and Professor of Political Science at Ohio State University. He is the author of Atomic Obsession (OUP 2009).
Mark G. Stewart is Professor of Civil Engineering and Director of the Centre for Infrastructure Performance and Reliability at the University of Newcastle in Australia.
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Terror, Security, and Money: Balancing the Risks, Benefits, and Costs of Homeland Security
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Paperback. Condition: new. Paperback. In seeking to evaluate the efficacy of post-9/11 homeland security expenses--which have risen by more than a trillion dollars, not including war costs--the common query has been, "Are we safer?" This, however, is the wrong question. Of course we are "safer"--the posting of a single security guard at one building's entrance enhances safety. The correct question is, "Are any gains in security worth the funds expended?" In this engaging, readable book, John Mueller and Mark Stewart apply risk and cost-benefit evaluation techniques to answer this very question. This analytical approach has been used throughout the world for decades by regulators, academics, and businesses--but, as a recent National Academy of Science study suggests, it has never been capably applied by the people administering homeland security funds. Given the limited risk terrorism presents, expenses meant to lower it have for the most part simply not been worth it. For example, to be considered cost-effective, increased American homeland security expenditures would have had each year to have foiled up to 1,667 attacks roughly like the one intended on Times Square in 2010--more than four a day. Cataloging the mistakes that the US has made--and continues to make--in managing homeland security programs, Terror, Security, and Money has the potential to redirect our efforts toward a more productive and far more cost-effective course. In Terrorism, Security, and Money, John Mueller, one of America's most trenchant critics of America's drive for enhanced security at all costs, teams up with Mark Stewart, a civil engineering professor and recognized authority on risk assessment for the built infrastructure, to put forth a more rational and cost-effective approach to managing domestic security. Instead of offering a critical account of the situation we're in, Mueller and Stewart instead focus on providing solutions based on the risk assessment science. After cataloguing the mistakes that the US has made (and continues to make), like spending wildly on ill-considered plans to mitigate unlikely threats, they offer tools-based probabilistic risk assessment that have the potential to redirect our efforts toward a more productive-and far more cost-effective-course. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780199795765