Risk and Liberty (Aaron Wildavsky) - The Turney Collection - Libertarianism.org
Channel: Libertarianism.org
Date: 2013-01-30

Aaron Wildavsky was a political scientist and professor known for his work in government budgeting and risk management. He taught at Oberlin College and Berkeley.

In this video from a 1987 California Libertarian Party conference, Wildavsky lectures on the relationship between risk and liberty. He introduces a concept that he calls "opportunity benefits," which suggests that as society gets better and better at doing something that comes with a high probability of danger but a low amount of actual harm, the harm is mitigated over time as the market finds ways to divert the effects of negative externalities.

Download the .mp3 version of this lecture here: http://bit.ly/11fWnno

The Turney Collection: Never-Before-Seen Archive Tapes

Related podcast episodes and articles are available here: https://www.libertarianism.org/media/video-collection/risk-liberty