The Precautionary Principle: A High-Risk Principle

3 Pages Posted: 25 Oct 2005

See all articles by Gabriel Calzada

Gabriel Calzada

Juan de Mariana Institute

Cécile Philippe

Economic Institute Molinari

Xavier Méra

Université catholique de l'Ouest

Abstract

The precautionary principle - recently added to the French constitution and part of the draft Constitution of the European Union - aims to protect the public from the risks associated with scientific and technological advance by allowing governments to ban any activity deemed to involve risks, even if those risks are unproven. In reality, the precautionary principle itself poses enormous risks of losing the advantages of projects that are banned, of preventing the development of the means by which risk may be ameliorated and of threatening the private property rights that provide the most effective environmental safeguard.

Suggested Citation

Calzada, Gabriel and Philippe, Cécile and Méra, Xavier, The Precautionary Principle: A High-Risk Principle. Economic Affairs, Vol. 25, No. 3, pp. 60-62, September 2005, Available at SSRN: https://ssrn.com/abstract=800842

Gabriel Calzada

Juan de Mariana Institute

Angel Street
Madrid
Spain

Cécile Philippe (Contact Author)

Economic Institute Molinari ( email )

Rue de Luxembourg 23 bte 1
1000 Bruxelles Belgique
France
00 32 (0) 2506 40 06 (Phone)
00 32 (0) 2506 40 09 (Fax)

Xavier Méra

Université catholique de l'Ouest ( email )

3 place André Leroy
Angers, 49000
France

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